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GOP Field on the American Auto Rescue

June 13, 2011 at

2012 REPUBLICANS OPPOSED AUTO RESCUE

  • Pawlenty Called The Auto Rescue “Misguided As A Matter Of Public Policy And Philosophy;” [Detroit News, 7/26/10]
  • Paul Called On Congress To Repeal "Costly Regulations" On The Auto Industry Instead Of Rescuing Them; [Ron Paul Speech, House Of Representatives, 110th Congress, 12/10/08]
  • Gingrich: Auto Bailout "Is An Irresponsible And Dangerous Use Of Taxpayer Money;" [Washington Times, 1/19/09]
  • Bachmann Called The Rescue Of The Auto Industry A “Multi-Billion-Dollar Bailout That Does Nothing To Reform The Failing Business Model That Put Them In This Position In The First Place.” [Michele Bachmann, Townhall, 12/10/08]

REALITY: THE AUTO INDUSTRY INTERVENTION SAVED OVER A MILLION JOBS

  • The Center For Automotive Research: The Auto Industry Intervention Saved 1.14 Million Jobs In 2009 And 314,400 Jobs In 2010; [Wall Street Journal, 1/17/10]
  • TNR’s Jonathan Cohn: Analysts And Scholars Believe That If GM Closed Its Door, More Than 100,000 People Would Be Out Of Work; [Jonathan Cohn, The New Republic, 2/3/08]
  • The Big Three Auto Companies Re-Hired 55,000 Workers Since Exiting Bankruptcy And Posted An Operating Profit In The First Quarter Of 2010. [BusinessWeek, 7/30/10]

REALITY: $17 BILLION OF AUTO RESCUE FUNDS WERE APPROVED BY BUSH

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