Obama's auto industry lies about Romney

It's one thing to distort your opponents record. All politicians do it. But to just make stuff up about your adversary should be called out by the media. Unless your name is Barack Obama and the media is your obedient lap dog. The president has been spreading lies about Mitt Romney's position on saving GM and the auto bailout. Henry Payne: Both agreed on a "managed bankruptcy," meaning the government would maintain financial lines of credit, honoring contracts in bankruptcy so that suppliers would keep operating. "A managed bankruptcy may be the only path to the fundamental restructuring the industry needs," Romney wrote in a 2008 New York Times op-ed that has been willfully distorted by Obama & Media. The distortions, however, include Michigan's industry establishment which claims Romney refused government intervention and ignored the reality that credit markets were frozen and the automakers had no way to honor supplier contracts and customer warranties. They should know...(Read Full Post)

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