THANK YOU PRESIDENT OBAMA FOR SAVING THE US AUTO INDUSTRY.
MILLIONS of people kept their jobs. Thousands of people kept their homes, kids stayed in school, small businesses were saved. I feel it was a miracle.
patRepublicans may be sorry they badmouthed auto bailout
Toward the end of his State of the State message last week, Gov. John Kasich veered into an area that might be more helpful to the re-election campaigns of President Barack Obama and Sen. Sherrod Brown than Republicans in the governor’s own party.
As he hailed the rebound in the Detroit automotive industry, Kasich said Chrysler is investing $500 million in its Jeep plant in Toledo while Ford is promising to spend $1 billion during the next five years in Ohio.
Then he noted that he is co-authoring an opinion piece with the chief executive officer of General Motors. Finally, in a reminder that General Motors’ huge Lordstown facility builds the Chevy Cruze, Kasich crowed: “Chevy Cruze, baby. It’s selling. And it’s working.’’
As governor, Kasich has every right to brag about any improvement in the Ohio economy. Last month, when asked if Obama deserves credit for the turnaround in Ohio, Kasich replied: “I could care less who gets the credit. If a family gets a job, I don’t care who gets credit for it. I hope he gets all the credit (when) we get everybody back to work in Ohio.’’
But voters are likely to conclude that Obama and Brown deserve the credit for helping pull two of the Detroit automakers back from the abyss in 2008. They worked mightily to provide billions of dollars in government loans to keep General Motors and Chrysler from going bankrupt. Today, all three Detroit automakers are profitable.
“I’ve told both the Obama campaign and the Brown campaign that they should take every opportunity to take full credit for the recovery that has gone on in Ohio because of the auto industry,’’ said James Ruvolo, former chairman of the Ohio Democratic Party.
“I am getting a kick out of these Republican governors in the Midwest taking credit for the economic rebound when it was Obama and the Democrats who saved the auto industry,’’ Ruvolo said.
For Brown, the rebound in the auto industry is his trump card in his re-election campaign against Republican Josh Mandel.
When the U.S. Chamber of Commerce assails Brown — as it did last week in a TV commercial — for his vote for the 2010 health-care law, Brown quickly can change the subject and point to the auto workers and their retirees whose health plans no longer are in jeopardy.
When Mandel wants to take a poke at Brown for supporting the $787 billion economic stimulus package, which a lot of people believe did not stimulate much of anything, Brown can cite the fact that the Big Three automakers have hired thousands of workers.
And he can –— no, make that he will — remind voters that the auto-industry recovery is “ translating into tens of thousands of jobs in Ohio’’ in the auto industry and its suppliers.
“The auto rescue was so clearly the right thing to do,’’ Brown said last week in a conference call with Ohio reporters. “The fact is this has been a success for Ohio. It’s been a success for the country.’’
Meanwhile, the Republicans are stuck with all their criticism of the bailout. Some, such as Kasich, were ambiguous enough in their comments that they probably can avoid being labeled as opponents of the bailout.
By contrast, former Massachusetts Gov. Mitt Romney has a big problem. In a 2009 opinion piece in T he New York Times, Romney wrote that he opposed the bailout and called for General Motors and Chrysler to go through a “managed bankruptcy,’’ which he argued would have allowed the companies to emerge stronger by ridding themselves of “excess labor, pension and real-estate costs.’’
In purely technical terms, Romney may have been right. Many failing companies probably should go through bankruptcy protection to save themselves. Taxpayers probably shouldn’t be asked to pay for a company rescue. But good luck trying to convince voters of that in Cleveland, Toledo and Youngstown.
“I think it’s a huge issue,’’ Ruvolo said. “I think it’s the most important issue in Ohio right now.’’
Jack Torry is Dispatch Washington bureau chief.
http://www.dispatch.com/content/stories/editorials/2012/02/13/republicans-may-be-sorry-they-badmouthed-auto-bailout.html