Archived Story

Did we notice that truth died?

Published 9:57am Friday, November 2, 2012

It was during a horrific storm named Sandy that the truth died, though its death was only coincidental to the storm. Perhaps the date will be more easily remembered because of the storm that day, perhaps not.

The death came about following an illness that had been festering throughout the year, one even casual observers could see was reaching beyond all previous limits and boundaries.

The Truth died in a stunningly simple way, a commercial ran under the sad rubric “I approve this ad…”, and with that approval a cynical candidate for the highest office in the Land brazenly lied to the American voters to win an election.

The story begins much earlier, during the financial crisis when General Motors and Chrysler faced complete collapse as a result of poor business practices, a recession so deep buyers simply disappeared, and a banking system unable to fund car loans as it sought its own survival.

Faced with closure the two auto giants sought commercial loans to hold together their finances until the recession was over. But there were no lenders willing to fund the two troubled companies.

Both GM and Chrysler, with the support of Ford, went to the US Government and then President George Bush, seeking what has become known as a federal bailout, to finance their survival until better times.

Bush, a Republican, agreed to the bailouts, aware that historically the U.S. government had done similar bailouts of industries crucial to the nation many times in the past with mixed success.

But the Bush presidency was ending and final approval of the bailout plan was left to the incoming President, Barack Obama. The new president was told that there were no other possible sources for funding the two auto companies, and without federal monies both would be liquidated.

Obama, aware that the potential loss of over 1 million direct and indirect jobs would potentially deepen the recession and possibly invite a depression, authorized the funding.

Both companies are today experiencing profits and growth, the bailout was a success in saving a crucial American industry. About a third of GM stock remains in the hands of U.S. taxpayers.

Mitt Romney opposed the bailout; insisting only private funding should have been used, though none was available. Romney wrote an editorial “Let Detroit go bankrupt” in November of 2008. Romney further said that if the companies were given federal aid “You can kiss the industry goodbye.”

This year, running for president and facing losing Midwest states like Ohio where the auto industry employee’s one out of eight workers, Romney has lied about his earlier positions, though they are perfectly clear. There was no “kiss” Mitt and the industry is thriving.

But now Romney shifts from re-inventing his position against saving GM and Chrysler, to claiming in Defiance Ohio this week “I saw a story today that one of the great manufacturers in this state Jeep — now owned by the Italians — is thinking of moving all production to China.”

He did not hear that at all. His campaign said the reference was to a Bloomberg News story that made no such statement.

The Romney statement could have been a misstatement that he later corrected, but he did not correct it at all, instead he made the statement a bold lie by following it with radio and TV ads 100 percent misleading and dishonest.

Romney’s intention is to convince low information voters that President Obama is sending auto jobs to China and taking jobs from Americans. Exactly the opposite is true. GM and Chrysler have added more than 8,000 workers during their recovery, good American jobs.

Can ambition be so blind as to say “I approve this ad” when any informed citizen knows that claims within the ad to be entirely false?

Apparently so.

Governor Romney has cynically lied to the voters in his effort to win at any cost.

Wouldn’t he lie to you tomorrow?

 

Jim Crawford is a retired educator and political enthusiast living here in the Tri-State.

 

 

 

 

 

 

 

  • mickakers

    Jim Crawford; Thinking about you tonight. Enjoy the election results.

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  • Noesis

    Jim Crawford should know lying since he’s such an expert at it.

    Here is Romney’s actual words from his editorial:

    “The American auto industry is vital to our national interest as an employer and as a hub for manufacturing. A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs. The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk.”
    ——-

    Did you catch that? “The federal government should provide guarantees for post-bankruptcy financing…”

    Crawford wants you to believe that banks wouldn’t loan money that was guaranteed by the federal government.

    What, they would be scared that the government wasn’t good for the money?

    And then Crawford doubles down with his own dishonesty when he says:

    “The Romney statement could have been a misstatement that he later corrected, but he did not correct it at all, instead he made the statement a bold lie by following it with radio and TV ads 100 percent misleading and dishonest.”

    Misleading and dishonest? He said Jeeps are going to be built in China, that is true, he said 15,000 new Chinese are going to have jobs to build Jeeps. Also true. That’s dishonest?

    It’s pretty funny that all the liberal fact checkers are upset about the ad… but then there’s this…

    “The Washington Post Fact Checker has declared that Mitt Romney’s television ad about Jeep production being moved overseas, is “factually defensible” and “technically correct.”
    ——–
    “factually defensible” and “technically correct.”

    Even mother Jones a liberal news source admits it’s true:

    “Obama took GM and Chrysler into bankruptcy, and sold Chrysler to Italians who are going to build Jeeps in China. Mitt Romney will fight for every American job.

    Technically, every word of this is true. Obama did force GM and Chrysler through a managed bankruptcy….”

    And yet it’s a lie?

    What’s happening here is the auto bailout was supposed to be one of the few positives that Obama could claim.

    That’s why people like Crawford and the liberal fact checkers are so upset.

    OBTW, Chrysler is planning on building Jeeps in Italy and ship them to North America…

    Fiat’s CEO Sergio Marchionne admitted the company had intentions of building jeeps in Europe as well. According to a Bloomberg News report:

    To counter the severe slump in European sales, Marchionne is considering building Chrysler models in Italy, including Jeeps, for export to North America. The Italian government is evaluating tax rebates on export goods to help Fiat.

    p.s. – Indie/Keta – Don’t try the excuse that China building Jeeps in China doesn’t count because Chinese drive them – doesn’t fly.

    When Bain Capital did the same thing, you called that outsourcing.

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  • mickakers

    Jim Crawford; My compliments, an excellent and insightful article. As I have mentioned in past comments, this election boils down to the lesser of two evils. The alternative to Mitt Romney is Barack Obama who supports the killing of the unborn, same sex marriage and the disregard of freedom of conscience when it comes to religious beliefs. America and it’s people are in dire straights when it comes to moral integrity. Relativism is having it’s influence.

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  • mikehaney

    It that the best you can muster?

    (Report comment)

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