Tuesday, October 23, 2012

We Checked The Record And Yes, Obama Lied

Obama lied again during the most recent debate and tried to repeat the "success" he thinks the gained by deflecting Benghazi questions with the assistance of Candy Crowley. 

Obama called Romney a liar and then issued the challenge, "check the record" when Romney said that he favored a managed bankruptcy for General Motors. 

Here's the record.
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.


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