Cars
The automotive industry is once again involved in politics and more specifically, this year’s presidential elections. This time it’s Republican candidate former Massachusetts Governor, Mitt Romney, who attacked President Barack Obama’s handling of the 2009 bailout.
- Obama Administration Pondering On How To Unload Its 32 Percent Stake In Gm
During the 2009 bailout of General Motors and Chrysler under the Troubled Asset Relief Program, the U.S. Treasury Department injected US$79.7 billion in the two automakers, US$51 billion of which went to GM. The bailout has been a hotly debated issue,...
- Sergio Marchionne And Obama's Campaign Rebuke Romney's Jeep To China Accusations
The battle for the 2012 U.S. elections has spilled over the automobile industry after Republican presidential candidate Mitt Romney told an Ohio crowd last week that Jeep is planning to move all of its production to China, while also airing an ad that...
- Obama Campaign Releases New Ads Touting Auto Bailout
While George W. Bush was the one to initiate the auto industry bailout in 2008, it is President Barack Obama who is trying to capitalize on it with the release of two new television advertisements as part of his reelection campaign. In the first spot,...
- Obama Campaign Airs 'made In America' Ad Touting Auto Bailout
If you have been following the news in the U.S. these past few weeks, you will have no doubt noticed that all Republican presidential candidates have attacked the Obama administration for the way it handled the auto industry bailout. Now it's time...
- Uaw Says Romney Is Misleading Voters On 2009 Bailout
Republican presidential candidates seem to have locked in the 2009 U.S. automotive industry bailout by the federal government as a means to raise votes in the primaries. Yet the Democrats aren’t the only ones who dismiss the Republicans’...
Cars
Mitt Romney Attacks Obama for how he Handled the 2009 Bailout of U.S. Auto Industry
The automotive industry is once again involved in politics and more specifically, this year’s presidential elections. This time it’s Republican candidate former Massachusetts Governor, Mitt Romney, who attacked President Barack Obama’s handling of the 2009 bailout.
In an op-ed published today at the Detroit News, Romney criticizes Obama of “instead of doing the right thing and standing up to union bosses, he rewarded themâ€.
Romney stated that the companies should have entered and then exited bankruptcy, but that “by the spring of 2009, instead of the free market doing what it does best, we got a major taste of crony capitalism, Obama-style.â€
Read more »- Obama Administration Pondering On How To Unload Its 32 Percent Stake In Gm
During the 2009 bailout of General Motors and Chrysler under the Troubled Asset Relief Program, the U.S. Treasury Department injected US$79.7 billion in the two automakers, US$51 billion of which went to GM. The bailout has been a hotly debated issue,...
- Sergio Marchionne And Obama's Campaign Rebuke Romney's Jeep To China Accusations
The battle for the 2012 U.S. elections has spilled over the automobile industry after Republican presidential candidate Mitt Romney told an Ohio crowd last week that Jeep is planning to move all of its production to China, while also airing an ad that...
- Obama Campaign Releases New Ads Touting Auto Bailout
While George W. Bush was the one to initiate the auto industry bailout in 2008, it is President Barack Obama who is trying to capitalize on it with the release of two new television advertisements as part of his reelection campaign. In the first spot,...
- Obama Campaign Airs 'made In America' Ad Touting Auto Bailout
If you have been following the news in the U.S. these past few weeks, you will have no doubt noticed that all Republican presidential candidates have attacked the Obama administration for the way it handled the auto industry bailout. Now it's time...
- Uaw Says Romney Is Misleading Voters On 2009 Bailout
Republican presidential candidates seem to have locked in the 2009 U.S. automotive industry bailout by the federal government as a means to raise votes in the primaries. Yet the Democrats aren’t the only ones who dismiss the Republicans’...