Who would have thought that MSNBC, which has pretty much been a propaganda arm for the White House, would be pointing out the lies coming from Barack Obama as he enters the final days of his first term? Certainly not Glenn. And yet, MSNBC brought in Lori Robertson from FactCheck.org and she said Barack Obama was wrong when he said that Romney did not say the government would provide help to G.M. in a managed bankruptcy. But that hasn’t stopped Obama from repeating the lie at every opportunity.
In his op-ed, Romney wrote:
It is not wrong to ask for government help, but the automakers should come up with a win-win proposition. I believe the federal government should invest substantially more in basic research — on new energy sources, fuel-economy technology, materials science and the like — that will ultimately benefit the automotive industry, along with many others. I believe Washington should raise energy research spending to $20 billion a year, from the $4 billion that is spent today. The research could be done at universities, at research labs and even through public-private collaboration. The federal government should also rectify the imbedded tax penalties that favor foreign carmakers.
But don’t ask Washington to give shareholders and bondholders a free pass — they bet on management and they lost.
The American auto industry is vital to our national interest as an employer and as a hub for manufacturing. A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs. The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk.
In a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check.
Despite it be clearly stated above that the federal government would provide support, Obama said in the debate, ““You did not say that you would provide government help.”
“We’re not the only ones that said that’s a lie. What Barack Obama is doing is lying about that. That’s what we said. MSNBC said he has it wrong,” Glenn explained. ” hey’re not saying that he’s lying. They’re just saying he was wrong. He had his facts wrong.”
But even when MSNBC is pointing out his error, Obama decided to double down and told followers yesterday, “If you say that you love American cars during a debate, you’re a car guy. But you wrote an article titled ‘Let Detroit Go Bankrupt’, you definitely have a case of Romnesia.”
“It’s not a fabrication, it’s not misleading. It’s an absolute bald‑face lie,” Pat said.