Ryan accuses Obama of not saving plant that closed under Bush
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  Ryan accuses Obama of not saving plant that closed under Bush
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Author Topic: Ryan accuses Obama of not saving plant that closed under Bush  (Read 315 times)
Landslide Lyndon
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« on: August 17, 2012, 12:23:49 PM »

What a fun election.

http://2012.talkingpointsmemo.com/2012/08/paul-ryan-slams-obama-for-not-saving-auto-plant----in-2008.php?ref=fpb

Paul Ryan slammed President Obama on Thursday for failing to rescue an auto factory in his Wisconsin district — one that closed in 2008, under President George W. Bush.

The latest attack highlights the complicated politics of the auto rescue for Ryan, who was one of only a handful of Republicans to vote in favor of the 2008 bailout that President Bush signed as a stopgap measure to prevent the industry from going under.

“I remember President Obama visiting it when he was first running, saying he’ll keep that plant open,” Ryan said in Ohio Thursday, describing the shuttered GM factory in Janesville, Wis. “One more broken promise.”

Ryan blamed rising gas prices under Obama for the closing. He echoed the complaint in an interview with a local ABC affiliate, suggesting it showed that Obama’s auto rescue was a sham.

“It didn’t help Janesville,” he said. “They shut our plant down. It didn’t help Kenosha. I represent there; they shut down the Chrysler plant.”

The Detroit News noted that Obama said during a visit in early 2008 that government help and some restructuring could keep the plant open. But after the financial crisis and a collapse in demand for the SUVs the factory produced, it shut down in December 2008 in the waning days of Bush’s second term. It’s still owned by GM, but has been closed ever since.
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Likely Voter
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Junior Chimp
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« Reply #1 on: August 17, 2012, 12:27:55 PM »

Barack Obama, soft on time travel
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True Federalist (진정한 연방 주의자)
Ernest
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« Reply #2 on: August 17, 2012, 12:47:04 PM »

Plants have closed and then reopened once demand was higher again, so Ryan's complaint isn't too far fetched.  However, even before the bubble burst in 2008 both GM and Chrysler had way too much excess capacity.  Obama's problem with those plants is didn't take that into account back in 2008, just as Ryan is doing now in 2012.
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Tricky Dickie
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« Reply #3 on: August 17, 2012, 02:21:04 PM »

Oops Sad
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Politico
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« Reply #4 on: August 17, 2012, 03:17:27 PM »
« Edited: August 17, 2012, 03:19:13 PM by Politico »

Plants have closed and then reopened once demand was higher again, so Ryan's complaint isn't too far fetched.  However, even before the bubble burst in 2008 both GM and Chrysler had way too much excess capacity.

This.

Ryan's rhetoric is unseemly politics, but absolutely necessary against Barack "Trying to be Lennon's (Lenin's?) Working Class Hero" Obama. I mean, the ticket needs to compete in Wisconsin and Michigan, so that's that.
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