Ryan hits Obama on auto bailout
October 28th, 2012
09:22 AM ET
7 years ago

Ryan hits Obama on auto bailout

Sabina, Ohio (CNN) – Vice presidential nominee Paul Ryan lent support to running mate Mitt Romney in Ohio on Saturday by going after President Barack Obama for "picking winners and losers" in the federal auto bailout.

The Republican presidential ticket has struggled to overcome the Democratic president's lead in the crucial battleground state, in part because of Romney's opposition in 2008 to a federal bailout of the U.S. auto industry.

- Follow the Ticker on Twitter: @PoliticalTicker

- Check out the CNN Electoral Map and Calculator and game out your own strategy for November.

On Saturday evening, Ryan unveiled another line of attack after meeting with nonunion, salaried employees who faced significant cuts to their pensions when government intervened in early 2009.
When he appeared at his fifth and final rally of the day, Ryan talked about the 10 or so people he met with who worked at the local Delphi Automotive plant. The same company, which supplies parts to General Motors, also operated a plant in Oak Creek, Wisconsin, part of the congressional district Ryan has represented for 14 years.

"You see the president likes to go around Ohio talking about how he saved the auto industry, how the auto bailout was such a success. Tell you what: He hasn't talked to these Oak Creek salaried employees, he hasn't talked to these Ohio Delphi salaried employees, because this is one of those examples of the government picking winners and losers," Ryan said at a high school in Sabina, located between Columbus and Dayton.

Ryan's comments came just days after Sen. Rob Portman of Ohio, a top campaign surrogate, ">defended Romney's opposition to the bailout in the state's Rust Belt.

At the Delphi employee roundtable, Ryan was joined by Ohio Rep. Michael Turner and Tom Rose, chairman of the Delphi Salaried Retirees Association fund-raising committee, which is fighting to restore full pensions earned or entitled to salaried employees who did not receive the same benefits as union employees did in the federal bailout.

"Mitt Romney and I have a different idea of how government should operate. We don't think we should be sitting in Washington picking winners and losers. We don't think we should be deciding who gets what, where, when, and how and who doesn't," said Ryan. "There's nothing wrong with asking for honesty and decency and fairness and transparency and equal treatment for all."

Also on the CNN Political Ticker

- Obama courts young voters in MTV interview

- Coulter stands by use of controversial word to describe Obama

- A gridiron battleground

- Micro-targeting offers clues to early vote leads

Filed under: Mitt Romney • Ohio • Paul Ryan
soundoff (66 Responses)
  1. Marie MD

    Oh please, plate faced toy boy. The auto industry in the US has grown because the President had the guts to save it.
    You and your twit of a liar sit back and let others do the heavy lifting then you come in pretending that you either thought or said that or you lie about the truth.
    We are voting today in MD come rain or shine or Hurrican Sandy because we don't need the likes of you two running our wonderful great country! You are traitors not just to US but to anything human!

    October 28, 2012 10:48 am at 10:48 am |
  2. America1st

    Isn't Ryan the guy that blamed Obama for closing a plant BEFORE Obama was even in office? Why doesn't he look in the mirror and see who would devastate the American auto industry. There wouldn't be a 57 Chevy if Ryan was running.

    October 28, 2012 10:52 am at 10:52 am |
  3. Donkey Party

    Make up your mind little flip-flopper junior. Your serial liar running mate has been running around trying to take credit for the bailout, get your story straight.

    October 28, 2012 10:53 am at 10:53 am |
  4. America1st

    Sum it up. Romney saved, "Yes", to the Wall Street Bailout an absolutely let it go BANKRUPT to the American auto industry. Another profiteering move to send those jobs to China by Bain Capital.

    October 28, 2012 10:53 am at 10:53 am |
  5. geggyg

    Why didnt those salaried Delphi workers have most of their pension funds secured before the auto bailout was needed . That what the Union did , they had their pension funds previously earned in a seperate fund not controlled by the auto companies . Thats the job of Unions to negotiate the safety of workers wages and previously earned entitlements ( that were considered part of the pay package) such as pensions. So salaried workers who were happy not to pay union dues , want the same treatment as unionists who paid their union dues and had previously negotiated the agreements.Why does It surprise them that individual workers cant negotiate a deal with management thats at least as secure as a union of many workers can negotiate. Anyway if Romneys auto policy had been implemented those salaried workers would have lost their pensions anyway , as the auto makers would have been liquidated . Banks werent willing to lend money for a managed bankruptcy and reorganisation.

    October 28, 2012 10:54 am at 10:54 am |

    Carole King: "Stayed in bed all morning just to pass the time - there's something wrong here there can be no denying - well one of us is changing or maybe we just stopped trying - Cause it's too late baby now –it's too late –though we really did try to make it - something inside has died and I can't hide and I just can't fake it –woah oh woah oh --" 🙂

    October 28, 2012 10:57 am at 10:57 am |
  7. Ricardo martinez

    This all that they do lie!!!

    October 28, 2012 10:57 am at 10:57 am |
  8. Karl Jonas

    More BS from Ryan. Obama didn't manage the auto companies, he only gave them a LOAN. The companies made their own decisions on how to move forward.

    Romney & Ryan would have GM and Chrysler go under. Which is worse?

    October 28, 2012 10:57 am at 10:57 am |
  9. Jeremy@Dallas,TX

    Paul Ryan has been in Congress for 14yrs with extremly dismal record. He is a Washington insider. How can we trust him to bring the change we seriously need? I fault Romney for picking such Congressman with his 10% Congress approval and 100% gridlock. Wish he picked an outsider.

    October 28, 2012 10:59 am at 10:59 am |
  10. Mike in Texas

    Government always picks winners and losers. With that said, The bankruptcy rate for Bain companies under Romney was almost 3x higher than those under Obama.

    They are now trying to frame the argument around government's role. The only reason Obama got the government involved with the auto bailout was because there was no private money to bail them out. Banks had no money to lend. What investors had 80 billion sitting around? It was something that was needed at the time. the only other option was to let them go under and watch our economy get even worse.

    October 28, 2012 10:59 am at 10:59 am |
  11. Expat American

    Ryan's inflated and dishonest claims have been proven wrong time and time again. The GOP believe that if you repeat a lie enough times, somehow it becomes true.

    Who else in past history used to do that?

    October 28, 2012 11:23 am at 11:23 am |
  12. ken

    Obama had courage to save auto industry and has been right on every major issue including beig against Iraq war from day 1 and having balanced approach to reducing deficit. Ryan and his Tea Party associates hurt economic growth because he blocked Obama's $4 trillion deal in 2010 because Ryan and Tea Party did not want Bush tax cuts for those making $250K+ expire. This has limited the nations economic growth the last 2 years. We need Obama to be re-elected to help advance our economy going forward.

    October 28, 2012 11:24 am at 11:24 am |
  13. ronb

    YEP! Obama surely did pick winners and losers in the auto bailout. Winners were the US auto industry and the American people. Losers were those who bet against the US auto industry by investing in foreign car companies hoping they would fold. So, yes, Lyin' Ryan. The President did pick winners and losers!

    October 28, 2012 11:29 am at 11:29 am |
  14. Pete

    Ryan should keep his nose out of it after rubber stamping most of Bushs failed policies.His 4 letters alone asking for stimulus monies for his favorite investments in Wisconsin went sour and voters in Wisconsin remember.Romney did say let Detroit go bankrupt and he obviously doesn't like how Detroit and Ohios auto industry has come roaring back without Bains help that is because if it were up to Romneys Bain most of Detroit would now be employed in China and thats Romneys take on job creation,short and sweet!!Romney loves China and their cheap slave labor,more bang for his buck and his outsourcing won't stop,it didn't with Honeywell of Freeport,Illinois to Sensata of China so why stop his agendas now if he became president it'd just be more of the same but with congressional republicans help!!!

    October 28, 2012 11:31 am at 11:31 am |
  15. Greg

    Sorry Mr. Ryan, I would pick the American auto industry as a winner over letting it go out of business.

    October 28, 2012 11:45 am at 11:45 am |
  16. joe

    little eddie is an embarassment and romney has been keeping him on the back burner so he won;t get asked about the rape and abortion issues that he favors. This duo will crush this country. Vote all repos out Forward They don't call him lyin ryan for nothing. No matter how they try and spin it Obama was for saving the auto industry and mittens and paulie where not..

    October 28, 2012 11:50 am at 11:50 am |
  17. habte

    I love America! The Obama-Biden team can move the country forward as they already knew how things go. Four more years!

    October 28, 2012 12:03 pm at 12:03 pm |
  18. daniel

    Not people like Ryan who has been a road block for all measures that Obama put forward to make a change in our country. You and Romany don't have a place in White house, in fact, Ryan should be kicked out of Congress. VOTE OBAMA! FORWARD...this is 21st century...snap out of your old and rotten way of thinking. America is a melting pot.

    October 28, 2012 12:20 pm at 12:20 pm |
  19. rs

    Sure, without Obama, millions more would have lost their jobs, and hundres of businesses that relied on automaking would have been dead- that would have been great for America. Remember- tha Banks weren't lending undergoing their own bailout at the same time.
    Look at what Republicans say they want for America (more unemployed, more dead businesses), and compare that to what they currently say.

    Republicans are America's Taliban- they hate the American worker.

    October 28, 2012 12:22 pm at 12:22 pm |
  20. WhereIsPalin

    Anyone but Obama?? Be careful what you ask for.

    RYAN / romney 2012............We want to protect salaried employees.

    October 28, 2012 12:23 pm at 12:23 pm |
  21. rs

    For "Vulture Capitalist" Romney, it was no doubt another chance to make pots of money and to ship even more jobs to China- That's why Romney/Ryan simply hate that American corporations and American workers were saved.

    October 28, 2012 12:25 pm at 12:25 pm |
  22. ThinkAgain: All of the GOP's policies are PROVEN FAILURES

    Every decision the government makes picks winners and losers. For example, the federal government bailed out the Salt Lake City Olympics to the tune of over $500 million.

    Bottom line: Repubs don't like the government to pick winners in losers when the government is run by Democrats; but when they are in charge, go ahead and pick to your heart's content!

    Obama/Biden 2012 = The only sane choice

    October 28, 2012 12:26 pm at 12:26 pm |
  23. Marty, FL

    The winners are the American auto workers saved by Pres. Obama's leadership.

    The losers are Ronney/Ryan for wanting to let the American auto industry go bankrupt without providing the necessary resources. Big difference.

    Obama/Biden 2012

    October 28, 2012 12:26 pm at 12:26 pm |
  24. rs

    Last point- Obama is clearly a better "businessman" than Romney- after all of the companies he helped more escaped bankruptsy than those "helped" by Bain. Sure, Romney ALWAYS made money- but hey, he is a morality-free suit with no personal values.

    October 28, 2012 12:28 pm at 12:28 pm |
  25. Newme1

    Both Romney and Ryan are disgusting liars. I'm having a hard time figuring out why anyone would vote for these two. Do people really believe that they can fix the economy any better or faster than the President has already done. Geez.

    October 28, 2012 12:28 pm at 12:28 pm |
1 2 3