Romney campaign: Mitt destroying GST Steel was just like Obama saving the American auto industry

[ProSense]

Romney campaign: Mitt destroying GST Steel was just like Obama saving the American auto industry

by Jed Lewison

Byron York previews how Romneyland will respond to the Obama campaign's Bain attack:

How will Romney respond? The Romney campaign has given some broad hints lately. First, the campaign has carefully scrutinized Romney's entire record at Bain and believes it is a strongly positive one overall. But that is the big picture -- there are individual instances in which Bain investments failed. Given that, look for the Romney campaign and its surrogates to counterattack by focusing on an instance in which Barack Obama, in essence, took over a company and laid people off in an effort to save the larger enterprise.

That was, of course, the auto bailouts, and while Obama often cites his success in "saving" the car industry, few remember today how many (non-union) workers lost their jobs in the Obama administration's handling of the matter.

As crazy as that argument sounds, York may very well be right. In fact, earlier this year, it's exactly the case that Romney himself made:

"In the general election, I'll be pointing out that the president took the reins of General Motors and Chrysler, closed factories, closed dealerships, laid off thousands and thousands of workers. He did it to try to save the business," Romney said on CBS's "This Morning."

"We also had the occasion to do things that are tough to try to save a business," Romney said. "We started a number of businesses, invested in many others and, overall, created tens of thousands of jobs."

As Greg Sargent points out, this is a really strange argument for Romney to make: His goal was profit, not job creation. That's not inherently bad; Romney was a private citizen. But it's not at all like what Obama did, which was try to save an industry that had been crippled thanks to a private sector run amok.

The biggest problem with Romney's counterattack, however, is that while everybody agrees that saving the auto industry was a good thing—hell, Romney himself is even trying to take credit for it—nobody in their right mind thinks it was good for the economy when Mitt Romney and Bain Capital made millions of dollars while putting GST Steel out of business. People don't have a problem with successful businessmen: They just don't like it when somebody like Mitt Romney makes huge profits while destroying companies.

- more -

http://www.dailykos.com/story/2012/05/14/1091598/-Romney-campaign-Mitt-destroying-GST-Steel-was-just-like-Obama-saving-the-American-auto-industry

[SpartanDem]

1. Obama also never said he liked to fire people

[SoutherDem]

2. Now I am confused

Romney was just last week taking credit for saving the auto industry himself. Now that someone thought of a negative it belongs to Obama again.

Here we go Romney saved the auto industry while Obama fired people in the auto industry. That's the ticket Mitt.

[aint_no_life_nowhere]

4. If Obama's poll numbers went way up because of his support for gay marriage

Romney would not only take credit for being a gay marriage pioneer, but he'd become gay.

[DCKit]

3. Did POTUS also raid the pension funds? Sell off the assets?

Use the full value of the company to purchase the company, then borrow further against every scrap of assets they could document, pay himself and his cronies outrageous salaries and bonuses then declare bankruptcy?

Yeah, it's exactly the same.