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View Diary: Obama forcefully rebuts Mitt Romney in speech to auto workers union (100 comments)

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    JayRaye
    With the economy in complete freefall, there weren’t any private companies or investors willing to take a chance on the auto industry. Anyone in the financial sector could tell you that. So we could have kept giving billions of taxpayer dollars to the automakers without demanding real change or accountability in return ... The other option we had was to do nothing, and allow these companies to fail. In fact, some politicians said we should. Some even said we should “let Detroit go bankrupt.”
    Quoting "let Detroit go bankrupt" is an obvious dig at Romney, but he begins the paragraph with a subtler jab by saying that "anyone in the financial sector could tell you" that "there weren't any private companies or investors willing to take a chance on the auto industry."
    Because I’ve got to admit, it’s been funny to watch some of these politicians completely rewrite history now that you’re back on your feet. These are the folks who said if we went forward with our plan to rescue Detroit, “you can kiss the American automotive industry goodbye.” Now they’re saying they were right all along. Or worse, they’re saying that the problem is that you, the workers, made out like bandits in all of this; that saving the American auto industry was just about paying back unions. Really? Even by the standards of this town, that’s a load of you-know-what. About 700,000 retirees saw a reduction in the health care benefits they had earned. Many of you saw hours reduced, or pay and wages scaled back. You gave up some of your rights as workers. Promises were made to you over the years that you gave up for the sake and survival of this industry, its workers, and their families. You want to talk about values? Hard work – that’s a value. Looking out for one another – that’s a value. The idea that we’re all in it together – that I am my brother’s keeper; I am my sister’s keeper – that is a value.

    "When fascism comes to America, it will be wrapped in a flag and carrying a cross." Sinclair Lewis, 1935 --Talk of foresight--

    by tuma on Tue Feb 28, 2012 at 10:17:28 AM PST

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