Romney and Portman engage in car talk
October 25th, 2012
11:29 PM ET
7 years ago

Romney and Portman engage in car talk

Defiance, Ohio (CNN) – Sen. Rob Portman defended Mitt Romney's stance on the auto bailout Thursday night at a rally for the GOP presidential nominee in the heart of Ohio's Rust Belt.

The issue has dominated the airwaves across Ohio, where Democrats have relentlessly pounded Romney for opposing a government bailout of the automotive industry that ended up saving thousands of jobs.

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Speaking just down the road from a General Motors powertrain plant Thursday in Defiance, Ohio, Sen. Rob Portman introduced Romney by saying the president "was not telling the truth" about his opponent's stance and had mischaracterized Romney's position on the bailout during the presidential debates.

"Folks, all the independent fact checkers who have looked at this agree, President Obama was wrong," Portman said. "He was not telling the truth."

Portman – who supported the bailout, which began under President George W. Bush – pointed out Romney had pushed for loan guarantees and proposed the government back car buyers' warrantees.

But those proposals came in an op-ed Romney penned in 2008, where he also predicted a government bailout of the Big Three automakers would "virtually" guarantee the "demise" of the industry.

In the 2008 piece, Romney said the money needed to keep General Motors and Chrysler Group alive during bankruptcy should have come from the private sector, with the government providing only "guarantees for post-bankruptcy financing."

The problem was that there was no one available to write checks for the automakers other than the government in late 2008 and early 2009.

Looking ahead, Portman declared Romney's policies on trade, energy and health care would benefit the industry.

"There is no question in my mind that Mitt Romney's policies for the future are going to be better for our auto companies, for the workers, and for communities like Defiance to get us back on track and to make the auto industry stronger," he said.

Romney did not bring up the bailout, but did mention a Bloomberg report that suggested some auto jobs could be moved to China.

"I saw a story today that one of the great manufacturers of this state, Jeep, now owned by the Italians, is thinking of moving all production to China," Romney said. "I will fight for every good job in America. I'm going to fight to make sure trade is fair, and if it's fair America will win."

A spokesman for the Chrysler Corporation, which owns Jeep, had earlier emphatically denied that report.

"Let's set the record straight: Jeep has no intention of shifting production of its Jeep models out of North America to China," Senior Vice President of Corporate Communications Gualberto Ranieri wrote on Chrysler's blog.

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Filed under: 2012 • Mitt Romney • Ohio • Rob Portman
soundoff (9 Responses)
  1. lori

    Kind of a scary picture and very suggestive of a past era?

    October 26, 2012 12:15 am at 12:15 am |
  2. Thomas

    Mitt Romney is sure wants to be the boss !

    I love Detroit , thats why I left .

    October 26, 2012 01:32 am at 1:32 am |
  3. NameT-hill says

    When are you people going to wake up? Romney doesn't care about middle class or as he calls them middle Americans. You think because ur white means you're right. If you put that flipper in office you will remember or learn What tough times are Mark my words

    October 26, 2012 02:41 am at 2:41 am |
  4. katfreemason

    The GOP Next Week In Review: "Rape is F-U-N."

    October 26, 2012 04:52 am at 4:52 am |
  5. Namejkane sfl a vote for lady parts romney the tax cheat and lyin lady parts ryan willcut your moms medicare and soc sec . .can you afford to pay for them???

    I love to see the gop idiots party and romney the tax cheat and lyin Ryan squirm and try to flip history to their advantage ,but the problem is ,we heard you the first time ,big problem for romney .only idiots will vote for him !!!!

    October 26, 2012 06:09 am at 6:09 am |
  6. Tabeth

    Barack is right, He stood for Ohio in the bad time, it is time for us in Ohio to stand for him now.
    Do to others as you would like them to do to you!

    October 26, 2012 06:22 am at 6:22 am |
  7. Marie MD

    Let Detroit go bankrupt. Even his buddies at bain didn't agree with the twti.
    Ohio, Indiana, North Carolina have jobs dealing with cars and car parts because the President saved the auto industry.
    This bully bishop only cares about how money he makes (which BTW it seems he did make some money out of the auto industry so maybe he also should STFU).
    How much money on the backs on the down trodden American worker can tis guy make? The figure $250M is peanuts compared to what he probably is really worth. The man doesn't have a job yet he makes, legitimately, over $20M a year!!!

    October 26, 2012 06:30 am at 6:30 am |
  8. Joey

    When all else is failing and no endorsement from Powell, just fear monger, didn't say how he would keep Jeep in America and didn't bother waiting on the answer from Jeep to see if it was true, shooting from the hip and missing is not a good look, Obama is taking all the media attention and is looking good, find ya lane and stay in it!

    October 26, 2012 06:34 am at 6:34 am |
  9. Wire Palladin, S. F

    Republicans are getting pretty good at defending the indefensible.

    October 26, 2012 07:29 am at 7:29 am |