During last night’s debate, ostensibly on foreign policy, the subject of the auto industry bailouts came up. Barack Obama insisted that Mitt Romney had said that he would have liquidated the auto industry, or at least fiddled while it burned. Governor Romney asserted that he’d said no such thing.
A transcript of the exchange is available here.
The GOP and blogger Patterico, among others, sprinted in front of the lapdog media to debunk Obama’s claims. They drew attention to the 2008 op-ed Obama had alluded to last night. Contrary to Obama’s claims, in the op-ed, Governor Romney promoted tax reform and managed bankruptcy as alternatives to the auto bailout:
It is not wrong to ask for government help, but the automakers should come up with a win-win proposition. I believe the federal government should invest substantially more in basic research — on new energy sources, fuel-economy technology, materials science and the like — that will ultimately benefit the automotive industry, along with many others. I believe Washington should raise energy research spending to $20 billion a year, from the $4 billion that is spent today. The research could be done at universities, at research labs and even through public-private collaboration. The federal government should also rectify the imbedded tax penalties that favor foreign carmakers.
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.
In a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check.
Hmmm … call us crazy, but it sounds like Obama was full of it.
Conservative Twitterers agreed. They saw right through the president’s lies and called on the media to do their job:
Their calls were finally answered.
Wow. When MSNBC can’t even cover for the president …
President Obama, for his part, has merely doubled down on his lie:
During a speech today in Ohio, he continued to beat the drum:
It’s long past time the Obama campaign slogan be changed from “Forward” to “Never let the truth get in the way of a good false narrative.”
“Wrong” is being too kind. President Obama is actively engaged in deception. We deserve a solid leader, not a liar. Remember in November.