Romney Auto Bailout Ad

Politics 25 replies 1,456 views
Ty Webb's avatar
Ty Webb
Posts: 2,798
Oct 28, 2012 11:04pm
Does anyone else think this is a bit of a stretch for Gov. Romney?

IMO....this is not the kind of ad you run 8 days out if you are comfortable with your position and think you're winnning

http://politicalwire.com/archives/2012/10/28/is_new_romney_ad_in_ohio_a_sign_hes_losing.html#051139a
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gut
Posts: 15,058
Oct 29, 2012 5:35am
So now running ads is a sign that Mitt is in trouble? By that logic, both candidates appear to be losing virtually every state in the country. Ty you are getting more desperate by the day.

Obama threw out that BS in the last debate and is now pounding it on the stump. So why wouldn't Romney address it with an ad? By the way, I think it's a fairly weak and ineffective ad.

LMAO, weren't you talking about a month ago how Romney was pulling ads in OH because it's over? And now he's running ads because it's over? You're a bigger flip-flopper than Mitt.
believer's avatar
believer
Posts: 8,153
Oct 29, 2012 6:43am
November 6th can't get here fast enough.
Abe Vigoda's avatar
Abe Vigoda
Posts: 164
Oct 29, 2012 1:37pm
[h=1][/h]
This headline describes it all. Sad that one of those bozos will be President.

[h=1]Romney uses lies and scare tactics about Jeep in an attempt to win Ohio[/h]
http://www.examiner.com/article/romney-uses-lies-and-scare-tactics-about-jeep-an-attempt-to-win-ohio
se-alum's avatar
se-alum
Posts: 13,948
Oct 29, 2012 1:52pm
Is this ad any worse than the virginity ad or the little kids singing ad being ran for the Obama campaign?
O-Trap's avatar
O-Trap
Posts: 14,994
Oct 29, 2012 4:38pm
Abe Vigoda;1307294 wrote:Sad that one of those bozos will be President.

Most accurate statement on the damn thread.
se-alum;1307311 wrote:Is this ad any worse than the virginity ad or the little kids singing ad being ran for the Obama campaign?
That one creeped me out at the end.
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gut
Posts: 15,058
Oct 29, 2012 5:32pm
A week before the election and the seas are rising...yet another Obama campaign lie.
FatHobbit's avatar
FatHobbit
Posts: 8,651
Oct 29, 2012 8:02pm
Ty Webb;1306931 wrote:IMO....this is not the kind of ad you run 8 days out if you are comfortable with your position and think you're winnning
I'm curious Gibby. Is there ANYTHING that you won't take as a sign that Romney thinks he's losing and/or Obama is going to win?

Holy shit, the sun came up today. Must mean Obama is going to win.

Did you see the way Ellen was looking at the hot chic on her show today? Well, that's because Romney is going to lose.

On my way to work today, I saw a ground hog on the side of the road. That means four more years of Obama!
Belly35's avatar
Belly35
Posts: 9,716
Oct 29, 2012 9:08pm
FatHobbit;1307566 wrote:I'm curious Gibby. Is there ANYTHING that you won't take as a sign that Romney thinks he's losing and/or Obama is going to win?

Holy shit, the sun came up today. Must mean Obama is going to win.

Did you see the way Ellen was looking at the hot chic on her show today? Well, that's because Romney is going to lose.

On my way to work today, I saw a ground hog on the side of the road. That means four more years of Obama!

I'm eating Oreo cookies. ..... Does this mean anything? :)
like_that's avatar
like_that
Posts: 26,625
Oct 29, 2012 11:50pm
ccrunner609;1307612 wrote:Dont see a problem with this ad...using little kids to stand there and lie isnt too bad.

[video=youtube;h5fH3np1jsw][/video]
My god. I don't see many ads living in DC, but so far the ones I have seen posted on here are just god awful and childish. The big bird one, the first time one, and now this. Whoever is developing these ideas for TV spots should never be hired onto a campaign again.
like_that's avatar
like_that
Posts: 26,625
Oct 29, 2012 11:52pm
FatHobbit;1307566 wrote:I'm curious Gibby. Is there ANYTHING that you won't take as a sign that Romney thinks he's losing and/or Obama is going to win?

Holy shit, the sun came up today. Must mean Obama is going to win.

Did you see the way Ellen was looking at the hot chic on her show today? Well, that's because Romney is going to lose.

On my way to work today, I saw a ground hog on the side of the road. That means four more years of Obama!
Spoke with my friend who is an undecided voter in Ohio. I convinced him to vote for Romney. Election over. /gibby
fish82's avatar
fish82
Posts: 4,111
Oct 30, 2012 8:05am
Mrs. Fish is going to be pissed when she finds out I already mailed her ballot in. :D
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Bigdogg
Posts: 1,429
Oct 30, 2012 11:41am
All you have to do is follow the money trail. The truth shall set you free.

[h=2]Mitt Romney's Bailout Bonanza[/h]
http://www.thenation.com/article/170644/mitt-romneys-bailout-bonanza#
FatHobbit's avatar
FatHobbit
Posts: 8,651
Oct 30, 2012 11:56am
Bigdogg;1307919 wrote:All you have to do is follow the money trail. The truth shall set you free.

Mitt Romney's Bailout Bonanza


http://www.thenation.com/article/170644/mitt-romneys-bailout-bonanza#
Mitt Romney’s opposition to the auto bailout
But Romney has done a good job of concealing, until now, the fact that he and his wife, Ann, personally gained at least $15.3 million from the bailout
Why should Romney conceal a plan he was opposed to made him $15.3 million?
Q
QuakerOats
Posts: 8,740
Oct 31, 2012 5:42pm
Nice Romney endorsement from former auto execs who know a lot about turnarounds.

Guest Author Posted 10.30.12
We know what kind of bold leadership it takes to turn around a troubled company. We know because we did it back in the early 1980s at Chrysler. And in our opinion, Mitt Romney is the leader we need to help turn our economy around and ensure that the American auto industry is once again a dominant force in the world.
Unfortunately, in the absence of a record or a plan to restore the strength of our nation’s economy, President Obama has resorted to misleading attacks about Romney’s commitment to the automotive industry. But if there’s anyone who wants to see American car companies thrive and succeed, it’s Mitt Romney.
Born in Detroit to an iconic automotive industry executive who successfully led American Motors and pursued fuel efficient cars years ahead of anyone else, Mitt Romney is most certainly a car guy. His proposal to rescue the U.S. auto industry back in 2008 would have made it even stronger and more competitive.
But the reason we're supporting Mitt Romney for president is because our entire country faces a critical turning point. The truth of the matter is we can’t afford four more years like the last four years. Mitt Romney is the leader with the plan and the experience to lead our nation and restore her strength, which also just happens to be the best thing we could do for America’s automotive industry and the people whose lives depend on this critical industry.
When Mitt Romney is president, he will reduce our nation’s corporate tax rate to 25 percent from 35 percent – currently the highest combined tax rate in the industrial world – so that American car companies can compete on a level playing field at home and abroad. He will also stop the extra tax automakers are forced to pay when they want to bring home their profits to reinvest in the United States. President Obama could have done this the day he took office since his party controlled both houses of Congress, but he chose not to.
Romney’s all-of-the-above energy policy will unleash an abundant supply of affordable, reliable domestic energy, lowering the cost of manufacturing and sparking a manufacturing renaissance. His plan to make trade work for America includes standing up to countries that cheat, like China, and opening up new markets abroad where our cars can be sold.
By eliminating Obama-era policies that force companies into misguided investments and by ending job-killing regulations that make it expensive to manufacture cars here in the United States, Romney will get the federal government out of the way so our domestic car companies will have the freedom they need to innovate.
And, most importantly, his Plan for a Stronger Middle Class will deliver 12 million more jobs and more take-home pay so that American families have the financial stability and resources to buy American cars.
Time and again, Romney has proven himself to be expert at turning around struggling enterprises. He did it in private industry, when he helped launch and turn around companies – including household names like Sports Authority and Staples – that have gone on to create jobs and wealth all across the nation.
He did it for the 2002 Winter Olympics in Salt Lake City, which had been plagued by scandals and was bleeding sponsors and red ink. Romney overhauled its leadership and trimmed the budget, ultimately regaining the public’s trust and staging one of the most successful Olympic Games ever held in the United States.
He did it for Massachusetts, which was facing a projected $3 billion budget deficit when he came into office. Romney worked with an 85 percent Democratic legislature to turn that deficit into a surplus and to balance the budget four times in a row. On his watch, the state added tens of thousands of jobs, and its education system led the nation.
What Romney did for startup businesses, the Olympics and the State of Massachusetts, he can do for America’s economy, and this would be the best thing we can do for the American auto industry. That’s why, for us, the choice is more clear than ever. If you care about the future of the U.S. auto industry and the millions of Americans who depend on it, we strongly recommend you vote for Mitt Romney.

Lee Iacocca and Hal Sperlich are the Former Chairman and President of the Chrysler Corporation, respectively.
sleeper's avatar
sleeper
Posts: 27,879
Oct 31, 2012 8:25pm
se-alum;1307311 wrote:Is this ad any worse than the virginity ad or the little kids singing ad being ran for the Obama campaign?
Exactly. It's a shitty ad by Romney, but the virginity and the Big Bird one were the dumbass ads of all time.
HitsRus's avatar
HitsRus
Posts: 9,206
Oct 31, 2012 10:22pm
Looks like GM took the bailout money and invested in CHINA.
Forbes Magazine chronicles the "Outsourcer-In- Chief"
http://www.forbes.com/sites/paulroderickgregory/2012/08/12/outsourcer-in-chief-obama-of-general-motors/
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I Wear Pants
Posts: 16,223
Oct 31, 2012 10:25pm
The virginity ad was stupid.

The Jeep thing is a lie, they know it's a lie, they don't care.

Both are asshole things to do.
dazedconfused's avatar
dazedconfused
Posts: 2,662
Nov 1, 2012 3:01am
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gut
Posts: 15,058
Nov 1, 2012 3:16am
dazedconfused;1309671 wrote:im so aloof to all of this but what does this mean and is it credible?
It means people are getting very desperate.

"
The Romneys' gigantic windfall was hidden inside an offshore corporation inside a limited partnership inside a trust which both concealed the gain and reduces taxes on it. "
In other words, Romney's blind trust invested in a hedge fund(s) that had a stake in Delphi, unbeknownst to him. Nothing earth-shattering or unusual about that.

The most likely case is that the gain being reported was the hedge fund total gain, of which Romney as an LP has only a small share of that (this is a common mistake, and often unintentional). Most likely, the fund made $1.2B or whatever but Romney's share of that gain was probably a fraction of it. An as an LP (read: investor) he has no say or control over investments of the fund. Also, LMAO at "extorting $13B from the taxpayers" yet, somehow, the fund only profited $1.2B?!?

But I fail to understand how he somehow profited from the bailout. Remember, he was not supporting a govt bailout, and if GM was going to be liquidated (as some have claimed), then Delphi would have busted. So this is just a bullshit play, from the UAW (big surprise).


O-Trap's avatar
O-Trap
Posts: 14,994
Nov 1, 2012 3:23am
dazedconfused;1309671 wrote:im so aloof to all of this but what does this mean and is it credible?

http://www.truth-out.org/buzzflash/commentary/item/17613-uaw-charges-romney-with-profiteering-from-auto-bailout
Well, I don't believe a whole lot of sources are credible as it pertains to politics, but what it means?

It means that either those in the story or those reporting the story are engaged in shenanigans ... and that none of us should be surprised.
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gut
Posts: 15,058
Nov 1, 2012 3:32am
By the way, Elliot Management (Singer's hedge fund) manages asset totaling $16B. So Romney's $1M, or $5M, or whatever investment is a teeny tiny % of the fund. $1.2B is less than 10% of the fund, so the Romney's didn't make anywhere near 4000% but something closer to 10% on this deal.
dazedconfused's avatar
dazedconfused
Posts: 2,662
Nov 1, 2012 3:41am
thanks gut. figured it was probably nonsense
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gut
Posts: 15,058
Nov 1, 2012 9:27am
dazedconfused;1309677 wrote:thanks gut. figured it was probably nonsense
Not necessarily complete nonsense, just spin and a lot of misunderstanding. Even the WSJ frequently gets stuff wrong about hedge funds. Technically, yes the investment returned 4000% or whatever. So Romney got that on his SHARE of that piece, which would mirror his share of the overall fund. So he didn't make 4000% on $1M or $5M, but more like 4000% on $5k.

I don't want to get too much into it, but the article also makes it sound like they crammed the pension down the gubmit throat. That's actually normal in bankruptcy, and why the Pension Guarantee Corp exists. What's NOT normal in bankruptcy is for the gubmit to make a pension whole by stealing from taxpayers and shareholders to give to the union.
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Bigdogg
Posts: 1,429
Nov 3, 2012 9:53am
dazedconfused;1309677 wrote:thanks gut. figured it was probably nonsense

[video]http://hark.com/clips/rhgjzmgcfw-well-cant-you-see-thats-the-last-act-of-a-desperate-man[/video]