For Immediate Release: October 10, 2012
Contact: Dale Butland, 614-783-5833
COLUMBUS Steven Rattner joined Innovation Ohio today at a Columbus news conference to blow the whistle on the Romney campaigns cynical attempt to mislead Ohio voters about the auto rescue. Rattner was Lead Advisor to President Obama during the 2009 rescue of the auto industry. Innovation Ohio is a progressive think tank headquartered in Columbus.
Rattner and IO cited numerous instances in which the Romney campaign and its GOP allies – including Ohio Gov. John Kasich – have attempted to mislead Ohio voters, including:
In the final Presidential debate and since, Gov. Romney implied that he actually favored using federal money to save the auto industry. In fact, he opposed both the essential bridge loans provided by President G.W. Bush and the long-term funding provided by President Obama. He would only consider federal guarantees of private sector financing following a bankruptcy proceeding. But there would have been nothing to guarantee because the auto companies were out of cash, private sector financing was not available, and without the funding provided by President Obama, the companies would never have come out of bankruptcy. Instead, they would have ceased paying suppliers, laid off their employees, closed their doors and liquidated.
Said Innovation Ohio President Janetta King:
President Obama took an enormous risk when he bet on Ohio and Ohio workers. But the Presidents bet paid off and now over 17,000 Ohioans are back at work in the auto industry and Ohios unemployment rate is lower than its been since 2008. But if Romney, Kasich and Mandel had their way, Ohio wouldnt have an auto industry today.
Added IO communications director Dale Butland:
It was bad enough when Mitt Romney turned his back on Ohio workers by opposing the auto rescue and saying Let Detroit Go Bankrupt. But now hes adding insult to injury by distorting what happened and running false and misleading television and radio ads. Equally shameful is that Gov. Kasich is assisting Mr. Romney in that deception. Trying to win an election is one thing. Trying to win it this way is something else again. If Gov. Romney will lie to Ohioans about auto jobs, maybe we should ask what else hes been lying about.
Materials distributed at IO’s press conference can be found here.