Romney’s false scare story in Ohio

[Bigerik]

I keep running into folks at the other place reading from the tea baggers bible and jumping into any thread on the Volt, GM, etc. no clue of the facts, of course. Or history. But the do love to grind away on the talking points they have been handed down.

[CarlV]

There is that and then there is this too. Romney can't hide this one and I am sure it is just the tip of the iceberg.

Originally Posted by wgrr

Just swoop in and buy Delphi stock at pennies on the dollar to gain controlling interest in Delphi. The threaten to withhold vital parts like steering columns from GM effectively shutting them down. Then extort the Federal bailout money going to Delphi so GM could buy Delphi and route it to Romneys partners hedge fund. Then the moved all Delphi plants to China, killing thousands of good paying union jobs, stick the Federal government with the workers pension fund, and walk away with a 3000% return on investment. Romney made in the range of 15 million to 115 million dollars in the deal. A fact his campaign does not dispute.

Some son of Detroit that would never do anything to hurt the US auto industry. It is getting old calling him a lying sack of liquid crap because all he does is lie.

http://truth-out.org/progressivepick...w-job-to-china

Carl

[BlueStreak]

Originally Posted by Bigerik

I keep running into folks at the other place reading from the tea baggers bible and jumping into any thread on the Volt, GM, etc. no clue of the facts, of course. Or history. But the do love to grind away on the talking points they have been handed down.

Yep. It's everywhere. If they think it sounds about right, it is.

Regards,
Dave

[ebacon]

Chrysler CEO Marchionne clarifies the story today.

"Jeep is one of our truly global brands with uniquely American roots. This will never change. So much so that we committed that the iconic Wrangler nameplate, currently produced in our Toledo, Ohio, plant, will never see full production outside the United States," Marchionne said. "Jeep assembly lines will remain in operation in the United States and will constitute the backbone of the brand. It is inaccurate to suggest anything different."

From The Detroit News: http://www.detroitnews.com/article/2...#ixzz2Anro2Sbh
http://www.detroitnews.com/article/2...text|FRONTPAGE

[Wasillaguy]

Originally Posted by ebacon

Chrysler CEO Marchionne clarifies the story today.





From The Detroit News: http://www.detroitnews.com/article/2...#ixzz2Anro2Sbh
http://www.detroitnews.com/article/2...text|FRONTPAGE

So the Wrangler models are the only ones they've committed to continue making here... and not necessarily all of them. Last May, the best month ever for Wrangler sales, they still represented only 10.4% of vehicles sold by Jeep.
Assembly lines will keep running here, but at what capacity?
Lots of wiggle room in this press statement.

[ebacon]

Originally Posted by Wasillaguy

So the Wrangler models are the only ones they've committed to continue making here... and not necessarily all of them. Last May, the best month ever for Wrangler sales, they still represented only 10.4% of vehicles sold by Jeep.
Assembly lines will keep running here, but at what capacity?
Lots of wiggle room in this press statement.

It looks like wiggle room to you, but it's not. The employees in Ohio know what is going on.

Here is a portion of Marchione's e-mail to employees earlier today.

In an e-mail to employees, the chief executive, Sergio Marchionne, said that Jeep’s commitment to the United States was unequivocal. “I feel obliged to unambiguously restate our position: Jeep production will not be moved from the United States to China,” he wrote. “It is inaccurate to suggest anything different.”

http://thecaucus.blogs.nytimes.com/2...ving-to-china/

Romney is intentionally making a mess and that's not a presidential quality.

[bobabode]

I don't see any wiggle room at all. I see Romney once again as a blatant liar who'll do anything or say anything to get into the White House. I'm with Ed, not presidential at all and I doubt that Ohioans will be fooled by it, even if he offered $10,000 cash to every undecided voter in the state.

Correction- cash offer would be in company store scrip

GM spokesman
"GM has long built cars in China for consumers, and Chrysler previously built Jeeps in China. It is true that GM has cut jobs since 2008, but it might not be in business if Obama hadn't agreed to a $50 billion bailout. The U.S. job cuts had nothing to do with China, but with shrinking GM in order to restore profitability."

"At this stage, we're looking at Hubble telescope-length distances between campaign ads and reality. GM's creating jobs in the U.S. and repatriating profits back to this country should be a source of bipartisan pride," GM spokesman Greg Martin said. "We've clearly entered some parallel universe during these last few days. 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."


From The Detroit News: http://www.detroitnews.com/article/2...#ixzz2ApMlUMj4

[d-ray657]

Originally Posted by Wasillaguy

So the Wrangler models are the only ones they've committed to continue making here... and not necessarily all of them. Last May, the best month ever for Wrangler sales, they still represented only 10.4% of vehicles sold by Jeep.
Assembly lines will keep running here, but at what capacity?
Lots of wiggle room in this press statement.

Are you actually trying to defend that four pinnochio, pants on fire, whopper?

BTW, Jeep has plans to add 1100 jobs in Ohio in 2013. The company is also making several models in the US.

Regards,

D-Ray

[ebacon]

In D-Ray's link there is a statement that is loaded, but it's not about building Jeep vehicles in the USA.

Here is the statement:

Chrysler Group is interested in expanding the customer base for our award-winning Jeep vehicles [in China], which can only be done by establishing local production.

That statement is loaded because it hints at how uneven the playing field is between China and US. When China entered the WTO in 2001 it was obligated to drop local content requirements. So far it has not completely done so. That is why, as a practical matter, if a US firm want to sell in China it must also build in China.

Here is an article on the topic. Note that is written by a Chinese author. He says sure, we still require local content, but don't worry about it. Even if we steal your intellectual property we will never catch up to your awesomeness.

http://www.globalpolicyjournal.com/b...ic-development

Yeah, right. Wink, wink back atcha. What a punk.

This is the sort of game that Trump is referring to when he says that the USA is crazy for engaging in unfettered free trade with China while they are engaging in strategic trade with us. I must agree with him on that point.

[finnbow]

Originally Posted by ebacon

This is the sort of game that Trump is referring to when he says that the USA is crazy for engaging in unfettered free trade with China while they are engaging in strategic trade with us. I must agree with him on that point.

Perhaps, but that message needs a far better messenger.