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Ohio senator disputes Obama comments on auto plan



Published: Wed, October 24, 2012 @ 5:28 p.m.

HAMILTON, Ohio (AP) — Ohio’s Republican senator said today that President Barack Obama is distorting Republican Mitt Romney’s position on the auto industry bailout, a key issue in the pivotal state.

Sen. Rob Portman called Obama’s comments at a Dayton rally “reckless and irresponsible,” and said Obama “is not telling the truth.”

Obama and Vice President Joe Biden have repeatedly highlighted the auto industry bailout while campaigning in Ohio, saying it helped rescue automakers and save many thousands of jobs in the state. They rallied together Tuesday afternoon in a Dayton park, where Obama stressed the importance his administration’s role, saying the auto industry is linked to as many as one of every eight Ohio jobs.

“If Mitt Romney had been president when the auto industry was on the verge of collapse, we might not have an American auto industry today,” Obama said.

While Romney supported a managed bankruptcy, Portman said Obama used “a political bankruptcy” with the government making decisions, “picking the winners and losers.”

“I think people will be really surprised to learn that what Barack Obama has been saying and what his ads say is not accurate,” Portman said. “Mitt Romney did have a plan to save the auto industry.”


Comments

1gdog4766(1383 comments)posted 1 year, 8 months ago

you reliatcans have changed and morphed your facts and stances as this election has gone on. If the folks in one town dont like what mitt says about the economy, be patient by the time he reaches the next town itll change. Your unrepentant bare faced liars to whom facts and truth mean nothing.

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2BabaGhanoush(106 comments)posted 1 year, 8 months ago

Democrats obviously are truly ignorant, as is Obama, of the bankruptcy laws.
They, as with Obama, think liquidation, which is Chapter 7, is the only option available.

Chapter 11 allows for control to remain with the company:

"In Chapter 11, in most instances the debtor remains in control of its business operations as a debtor in possession, and is subject to the oversight and jurisdiction of the court."

Mitt was right, in that a managed bankruptcy, overseen by the courts, would have been the right decision.

The problem was that Obama did not want any contracts broken, much less the unions.

He also stole money from the bondholders and gave it to the unions.

The Delphi retirees were guilty of not joining the unions and so deserved to have their pensions stripped.

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3sonnype(70 comments)posted 1 year, 8 months ago

Portman has reached a new low and its time for him to go.

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4Sensible(118 comments)posted 1 year, 8 months ago

"If General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed."
- Mitt Romney's letter to the New York Times on November 18 2008.

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5DwightK(1223 comments)posted 1 year, 8 months ago

Rob Portman would have just sent the auto jobs to China.

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6UNCOMMONSENSE(350 comments)posted 1 year, 8 months ago

Robbie Portman...I guess the political bankruptcy was the right decision because it worked. The Delphi retirees need to stop whining...unfortunately this time your OX got gored.

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