Paul Ryan just seems to have Obama's number -- not looking good for the president. _____ Paul Ryan Slams Obama For Not Saving Auto Plant Paul Ryan slammed President Obama on Thursday for failing to rescue an auto factory in his Wisconsin district — one that closed in 2008, under President George W. Bush. The latest attack highlights the complicated politics of the auto rescue for Ryan, who was one of only a handful of Republicans to vote in favor of the 2008 bailout that President Bush signed as a stopgap measure to prevent the industry from going under. “I remember President Obama visiting it when he was first running, saying he’ll keep that plant open,” Ryan said in Ohio Thursday, describing the shuttered GM factory in Janesville, Wis. “One more broken promise.” Ryan blamed rising gas prices under Obama for the closing. He echoed the complaint in an interview with a local ABC affiliate, suggesting it showed that Obama’s auto rescue was a sham. “It didn’t help Janesville,” he said. “They shut our plant down. It didn’t help Kenosha. I represent there; they shut down the Chrysler plant.” The Detroit News noted that Obama said during a visit in early 2008 that government help and some restructuring could keep the plant open. But after the financial crisis and a collapse in demand for the SUVs the factory produced, it shut down in December 2008 in the waning days of Bush’s second term. It’s still owned by GM, but has been closed ever since. That factory’s demise, as well as other subsequent closings, were a major economic blow to the region even as the broader national industry bounced back. Wisconsin’s federal lawmakers and the local auto workers pushed the administration in 2009 to divert funds and work with Chrysler and GM to save the area’s plants. Both Ryan and Romney have unconventional positions on the auto bailout, although they reached them from different directions. In 2008, Ryan supported the Bush loans that Romney famously opposed in an editorial titled “Let Detroit Go Bankrupt.” “What I voted for was to prevent a worse bailout,” Ryan told ABC9, claiming that he was afraid the president would use TARP money to go through with the plan if Congress didn’t direct funding itself. It was a view that few of his fellow Republicans in districts that didn’t include auto plants shared at the time — 150 Republicans voted against the bill, while 32 Republicans, mostly in similar auto-dependent districts, voted in favor of it. Obama used the time bought by the bill to craft his own 2009 rescue plan, which industry leaders have hailed as the start of their successful turnaround. The president has since made their return to profitability a central theme of his re-election campaign. But if Ryan’s newest take seems to be that the rescue failed, Romney has offered vague hints that he’d have acted similarly to rescue car companies from liquidation if necessary. He has also attacked Obama for not going far enough in aiding car dealerships. link
Revelation 13:18 "This calls for wisdom. Let the person who has insight (B-Bob) calculate the number of the beast (KingCheetah), for it is the number of a man (Obama)." BIBLICALLY PWNED
Not his fault for General Motors' horrible 20+ year rebadging jobs on the majority of its cars that caused its bankruptcy!
Just highlighting this bit so that nobody skims over it. Romney may have the ability to retroactively amend his tax returns so he can run for Governor of Massachusetts or retroactively change the date of his retirement from Bain. But unfortunately, Obama does not possess the power to retroactively keep open a plant that closed before he was president.
God bless his heart B-Bob is trying his hardest, but he may be dealing with a uranium level of density.
^^ Also, what happened in 2008 is apparently that GM had to close down some production and was deciding between using the Wisconsin facility and a facility in Michigan to produce a new line of small cars. The Wisconsin politicians, including Ryan but also Democrats, worked hard to put together a $400M+ package of union givebacks and tax incentives, etc. to induce GM to use WI plant instead of the MI one. http://www.thedailybeast.com/articl...to-try-and-save-gm-plant-in-his-district.html So, it was a rational business decision that had to be made, even with the auto bailout-- GM getting financing from the U.S. government doesn't change the landscape on automobile market demands and doesn't make it rational for GM to make more cars than the market is willing to buy. Not sure how Obama would change things. Should he have forced GM not to act rationally? Should he have made GM choose WI over MI jobs (before he even takes office)? The fact is, GM had to make cuts even with the bailout. The bailout saved the company and a number of jobs but, as was the deal since the very beginning, was not going to save everyone's jobs and everyone's salaries and benefits. Kind of the nature of reorganizing a distressed company.
The exact language and extent of the December closure were not announced precisely in June. Try again. This is all on B.H.O. And also Spoiler come on, people.
EXACTLY. If THAT doesn't tell you who is REALLY qualified, I don't know what does. In fact, he should turn this flip flopping thing into a positive. "I CAN CHANGE THE PAST! Can HE do THAT?!" Ryan needs to make a list of the things he's done and said, so that he can keep track of the things he's going to have to admit to after he's caught.
