Romney's Parallel Universe
GM on Romney: "We've clearly entered some parallel universe"
Paul Constant of The Stranger suggests, "Apparently, Mitt Romney is running against the US auto industry in the last week of the election". And perhaps this seems hyperbolic, but The Stranger is the gay, liberal, alternative weekly tabloid in Seattle, so that sort of rhetoric doesn't really raise eyebrows.
Of course, it might well have nothing to do with The Stranger. Mitt Romney's latest salvo includes shots at General Motors. Nathan Bomey and Brent Snavely (I swear that's a real byline) report, for The Detroit Free Press:
Part of me wonders how Republicans would respond if President Obama or some prominent Democrat was making this sort of attack against GM, but it's a hard question to countenance because the particular perspectives that lead to such a critique are uniquely conservative.
While it is true that the Romney campaign's Jeep China lie is in itself astounding, we ought not overlook that the Republican nominee seems to have put General Motors in his crosshairs.
For all we hear from Republicans about the glories of the private sector, Mitt Romney would, apparently without any conflict of conscience whatsoever, attack a major American corporation for having taken advantage of available resources.
Perhaps, should Romney win the election, we can hold Republicans to this standard: No tax breaks for corporations. No federal assistance for the private sector whatsoever.
If conservatives are serious about cutting off the federal teat, then, yes, the GM bailout was wrong. And if they are serious about cutting off the federal teat, conservatives will make that point in future policy discussions.
Regardless of who wins the election, I would predict we can expect to hear Republicans asking for federal fairy dust to help out the exceptional American private sector by spring, because, well, the private sector can't build everything on its own without public help.
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Notes:
Constant, Paul. "Now Mitt Romney Is Running Against General Motors, Because That Makes Sense". Slog. October 30, 2012. Slog.TheStranger.com. October 30, 2012. http://slog.thestranger.com/slog/ar...ainst-general-motors-because-that-makes-sense
Bomey, Nathan and Brent Snavely. "GM calls latest Romney auto ad 'politics at its cynical worst'". The Detroit Free Press. October 30, 2012. Freep.com. October 30, 2012. http://www.freep.com/article/201210...ney-implies-GM-used-U-S-aid-create-jobs-China
GM on Romney: "We've clearly entered some parallel universe"
Paul Constant of The Stranger suggests, "Apparently, Mitt Romney is running against the US auto industry in the last week of the election". And perhaps this seems hyperbolic, but The Stranger is the gay, liberal, alternative weekly tabloid in Seattle, so that sort of rhetoric doesn't really raise eyebrows.
Of course, it might well have nothing to do with The Stranger. Mitt Romney's latest salvo includes shots at General Motors. Nathan Bomey and Brent Snavely (I swear that's a real byline) report, for The Detroit Free Press:
Republican presidential candidate Mitt Romney has broadened his attack on President Barack Obama's auto industry restructuring, implying that General Motors used the aid to hire more workers in China than in the U.S.
"Barack Obama says he saved the auto industry. But for who? Ohio or China?" says the narrator in a radio spot running in Ohio. "Under President Obama, GM cut 15,000 American jobs, but they are planning to double the number of cars built in China, which means 15,000 more jobs for China. And now comes word that Chrysler plans to start making Jeeps in, you guessed it, China."
GM quickly defended its performance.
"We've clearly entered some parallel universe during these last few days," GM spokesman Greg Martin said. "No amount of campaign politics at its cynical worst will diminish our record of creating jobs in the U.S. and repatriating profits back to this country."
"Barack Obama says he saved the auto industry. But for who? Ohio or China?" says the narrator in a radio spot running in Ohio. "Under President Obama, GM cut 15,000 American jobs, but they are planning to double the number of cars built in China, which means 15,000 more jobs for China. And now comes word that Chrysler plans to start making Jeeps in, you guessed it, China."
GM quickly defended its performance.
"We've clearly entered some parallel universe during these last few days," GM spokesman Greg Martin said. "No amount of campaign politics at its cynical worst will diminish our record of creating jobs in the U.S. and repatriating profits back to this country."
Part of me wonders how Republicans would respond if President Obama or some prominent Democrat was making this sort of attack against GM, but it's a hard question to countenance because the particular perspectives that lead to such a critique are uniquely conservative.
While it is true that the Romney campaign's Jeep China lie is in itself astounding, we ought not overlook that the Republican nominee seems to have put General Motors in his crosshairs.
GM's total U.S. employment did fall by about 14,000 from the end of 2008 until the end of 2011, according to the company's filings with the Securities and Exchange Commission. But the majority of those occurred in early 2009 in the crisis-driven months leading up to its bankruptcy restructuring.
Similarly to Chrysler, GM has added jobs at factories that have launched new products. Both companies are very profitable in the U.S. and those profits are offsetting losses GM, or in the case of Chrysler, Fiat, is suffering in Europe.
Chrysler reported a $381-million third-quarter profit. GM will report its results Wednesday.
Similarly to Chrysler, GM has added jobs at factories that have launched new products. Both companies are very profitable in the U.S. and those profits are offsetting losses GM, or in the case of Chrysler, Fiat, is suffering in Europe.
Chrysler reported a $381-million third-quarter profit. GM will report its results Wednesday.
For all we hear from Republicans about the glories of the private sector, Mitt Romney would, apparently without any conflict of conscience whatsoever, attack a major American corporation for having taken advantage of available resources.
Perhaps, should Romney win the election, we can hold Republicans to this standard: No tax breaks for corporations. No federal assistance for the private sector whatsoever.
If conservatives are serious about cutting off the federal teat, then, yes, the GM bailout was wrong. And if they are serious about cutting off the federal teat, conservatives will make that point in future policy discussions.
Regardless of who wins the election, I would predict we can expect to hear Republicans asking for federal fairy dust to help out the exceptional American private sector by spring, because, well, the private sector can't build everything on its own without public help.
____________________
Notes:
Constant, Paul. "Now Mitt Romney Is Running Against General Motors, Because That Makes Sense". Slog. October 30, 2012. Slog.TheStranger.com. October 30, 2012. http://slog.thestranger.com/slog/ar...ainst-general-motors-because-that-makes-sense
Bomey, Nathan and Brent Snavely. "GM calls latest Romney auto ad 'politics at its cynical worst'". The Detroit Free Press. October 30, 2012. Freep.com. October 30, 2012. http://www.freep.com/article/201210...ney-implies-GM-used-U-S-aid-create-jobs-China