Source: Sam Stein / The Huffington Post
WASHINGTON — The Mitt Romney campaign, still attempting to turn the politics of the auto bailout in its favor, is out with a new television ad that dramatically bends both historical record and current news to fit its narrative.
The ad, which was not announced by the campaign, makes no direct claim that can be called a lie. But that’s primarily because it’s so clever with its wording.
For starters, the ad’s narrator says that President Barack Obama “took GM and Chrysler into bankruptcy.” That’s true. But that was also the plan that Romney prescribed at the end of 2008 and the beginning of 2009. The difference is that Obama supported a bridge loan from the government to help the auto companies go through bankruptcy, while Romney wanted the private sector to pick up the tab. But as basically every principal involved in rescuing the auto industry said at the time, there was no money available from the private sector during the height of the recession. When Dan Akerson, CEO and chairman of General Motors since September 2010, was asked what would have happened had Romney’s plan been followed, he responded that GM “would have been in bankruptcy for years and I think you could have written off this company, this industry and this country.”
The Romney ad also cites his endorsement from the Detroit News without noting that that same endorsement accused him of “wrong-headedness on the auto bailout.”
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