superpunk

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Washington — Mitt Romney's campaign Saturday ran a new television ad in Ohio that attacks the Obama administration's handling of the auto bailout by warning that Chrysler Group LLC plans to build Jeep vehicles in China.

"Obama took GM and Chrysler into bankruptcy and sold Chrysler to Italians who are going to build Jeeps in China. Mitt Romney will fight for every American job," the ad says.

Chrysler previously built Jeeps in China — and the move would not be unusual. Ford Motor Co. builds Ford vehicles in China for Chinese buyers and General Motors Co. builds Buicks in China for local consumers.

The new 30-second ad doesn't repeat a false claim Romney referenced Thursday night in a speech in Ohio that the Auburn Hills automaker plans to shift all Jeep output from the United States to China — including vehicles built for U.S. consumers.

While Romney has largely avoided talking about the auto bailout, except when asked about it during debates or interviews, Obama has made attacking Romney over his opposition a standard part of his stump speech. This may be Romney's most auto focused ad of the campaign.

Romney's new auto ad opens with a question and features a woman driving on the Brooklyn Bridge into Manhattan. "Who will do more for the auto industry? Not Barack Obama," the narrator says. "The truth? Mitt Romney has a plan to help the auto industry. He is supported by Lee Iacocca and The Detroit News."

The ad cited the endorsement of the former Chrysler CEO and referenced The News editorial page endorsement though the editorial criticized Romney's "wrong-headedness on the auto bailout."

It also features classic American cars, people driving in convertibles and a baby in a car seat. As the ad mentions Obama putting GM and Chrysler into bankruptcy, it shows two American cars getting crushed at a scrap yard.

The Obama campaign denounced the ad as misleading.

"Mitt Romney's new ad is a sure sign that he knows he's in trouble in Ohio. When the American auto industry and a million workers' jobs were on the line, Mitt Romney turned his back. Now he's pretending it never happened and is trying to scare Ohioans by repeating a blatant falsehood that Chrysler is moving its Jeep operations to China," said Obama campaign spokesman Frank Benenati.

"Even the Detroit News, which this ad cites, condemned his plan that would have let Chrysler and GM go under and praised the President for his 'extraordinary' rescue of the industry. Mitt Romney might be willing to do anything to close the deal, but Ohioans know where he stood when it mattered most, and they won't be fooled by his dishonest ads in the final days of this campaign," Benenati said.

Obama has pounded Romney for months over the Detroit-native's opposition to the $85 billion auto bailout and his insistence that GM and Chrysler first file for bankruptcy before receiving government assistance -- a suggestion rejected by President George W. Bush in December 2008, who gave the automakers and their finance arms $25 billion in aid and said immediate bankruptcy wasn't an option.

Obama added $60 billion, fired GM's CEO and ordered Chrysler to tie up with Italian automaker Fiat SpA and put both automakers into quick bankruptcies in mid-2009.

Fiat, which owns a majority stake in Chrysler, is the "Italians" referred to in the Romney ad.

A spokeswoman for Romney's campaign declined to comment on the new ad and the campaign has refused to comment on the false claims raised in Romney's speech Thursday — apparently a reaction to right-leaning blogs that misinterpreted a Bloomberg News story.

Chrysler issued a statement early Thursday flatly denying it has any plans to move Jeep output to China from the United States.

"Let's set the record straight: Jeep has no intention of shifting production of its Jeep models out of North America to China. It's simply reviewing the opportunities to return Jeep output to China for the world's largest auto market. U.S. Jeep assembly lines will continue to stay in operation," said Chrysler spokesman Gualberto Ranieri.

With thousands of Chrysler workers and auto supplier employees in the Toledo area tied to building Jeep vehicles, the ad is clearly designed to woo some of those workers -- as Ohio is shaping up to be perhaps the key battleground state. It's not clear how many times the ad is running, but it was seen on Toledo TV on Saturday.

Many people have credited the auto bailout with Obama's narrow lead in Ohio in some polls — since the state has more than 75,000 auto jobs.

Obama will return to Ohio on Monday to campaign - as will Romney.

From The Detroit News: http://www.detroitnews.com/article/20121028/POLITICS01/210280314#ixzz2Ahe4b9Je
 
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Monday, October 29, 2012

The race for Ohio’s Electoral College votes remains very close, but now Mitt Romney now has a two-point advantage.

The latest Rasmussen Reports telephone survey of Likely Ohio Voters shows Romney with 50% support to President Obama’s 48%. One percent (1%) likes some other candidate, while another one percent (1%) remains undecided.
 

Sheik

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Uh oh, Obama needs Ohio if he hopes to win.

If Romney is crushing with independents, dead even with Women, crushing the male vote, and republicans have a +1 advantage in registration(down from Dems+8 in 2008), how are these polls even close?

Oh yeah, pollsters are going off of the 2008 model.

Doing a huge disservice to their candidate by giving liberals a false sense of security.
 

superpunk

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The only reason you think Romney is anywhere close is because you're looking at Republican polls like Rasmussen sheik.

He isn't.
 
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AUTO BAILOUT BOMBSHELL: Fiat Says Chrysler, Jeep Production May Move to Italy
Submitted by Mark Modica

Coming hot on the heels of speculation that some Jeep production may be moved to China comes a bombshell from a Bloomberg report. Fiat is now considering moving Chrysler and Jeep production to Italy.

According to the piece, "To counter the severe slump in European sales, (Fiat CEO Sergio) Marchionne is considering building Chrysler models in Italy, including Jeeps, for export to North America. The Italian government is evaluating tax rebates on export goods to help Fiat. Marchionne may announce details of his plan as soon as Oct. 30, the people said."

So, let's be real clear here, we are talking about vehicles that will be built in Italy and exported to America. The evidence is clear that Fiat is looking at ways to move production of vehicles from the US to elsewhere, whether it be China or Italy, costing American jobs. This is becoming indisputable, despite outcries from certain parties to the contrary.

Mitt Romney has rightfully criticized the Obama Administration for handing over Chrysler to the Italians and now leaving the fate of American workers in the hands of Fiat management. Fiat is not a healthy company and the auto industry is in as great a risk as ever. The insistence that all is well by those with political motivations does not mask the danger. More jobs are at risk of being lost and more taxpayer money may be lost as well.

Let's face it, the auto bailouts were not well thought out. Perhaps General Motors' CEO, Dan Akerson, said it best when he said, "The good thing about our bankruptcy is that it took only 39 days. The bad news is that bankruptcy took only 39 days. If we had been there longer, people would have asked these questions and looked at these things."

The whole auto industry bailout process was rushed through with the wrong primary motivation of protecting the politically powerful UAW's interests. The Obama Administration never considered that giving Chrysler to Fiat was not a great idea and could eventually hurt the same UAW workers it was trying to protect. Manufacturers like Chrysler and GM are at a competitive disadvantage due to UAW obligations that were not properly addressed in the bankruptcy process. The industry is more competitive than ever and the government does not seem to be the best innovators to lead the sector to real health. This truth is very likely to become more apparent when the political season ends.
 

FuzzyLumpkins

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statesmonday1-blog480.png


http://fivethirtyeight.blogs.nytimes.com/2012/10/29/oct-28-in-swing-states-a-predictable-election/

The states where Mr. Obama has made gains since the June forecast are fewer in number (although the fact that Ohio is among them makes Mr. Obama’s electoral math stronger). Mr. Obama is running slightly stronger in Florida now than he was in June, although that still reflects a disappointment for him since he was leading in our forecast there before the Denver debate. Mr. Obama has also made gains in Oregon and New Jersey, counterparts to Indiana and Missouri in that they might have become competitive had Mr. Romney made m
 

superpunk

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"Did President Obama save General Motors?" Reynolds asked

"Without the money, without the funding, it would have been very problematic," said Akerson. "At the risk of alienating a whole lot of potential customers, I would say the Obama administration did a good job."

Republican presidential hopeful Mitt Romney and other critics have argued the bailout was unnecessary, and that the regular bankruptcy process would have made GM and Chrysler stronger companies.

"Would that have happened?" Reynolds asked.

"Not in my opinion," asked Akerson. "It would have been in bankruptcy for years and I think you could have written off this company, this industry and this country."

On Thursday, GM announced 47,500 blue collar workers in the U.S. will each get a profit-sharing checks next month -- checks of approximately $7,000 a piece.

Obama saved the auto-industry, Romney would have killed it.
 
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Obama only pandered to the auto union. Romney would've had the auto industry go through a managed bankruptcy like any private company would/should do in that situation.
 

FuzzyLumpkins

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Obama only pandered to the auto union. Romney would've had the auto industry go through a managed bankruptcy like any private company would/should do in that situation.

You are familiar with what Chapter 7 entails right? Liquidating assets and all that?
 
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You are familiar with what Chapter 7 entails right? Liquidating assets and all that?

You are familiar with the fact most faltering/failing companies go through bankruptcy and can come out better on the other side. Don't need a gov't funded bailout - which was primarily done to pander to the unions.
 

FuzzyLumpkins

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You are familiar with the fact most faltering/failing companies go through bankruptcy and can come out better on the other side. Don't need a gov't funded bailout - which was primarily done to pander to the unions.

Apparently you are not.
 
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Nate Silver: One-term celebrity?


By DYLAN BYERS | 10/29/12 3:27 PM EDT

The New York Times's resident political predictor says President Barack Obama currently has a 74.6 percent chance of winning reelection. It's a prediction that liberals, whose heart rates continue to fluctuate with the release of every new poll, want to take solace in but somehow can't. Sure, this is the guy who correctly predicted the outcome of the 2008 election in 49 of 50 states, but this year's polls suggest a nailbiter.

"Romney, clearly, could still win," Silver told POLITICO today.

Prediction is the name of Silver's game, the basis for his celebrity. So should Mitt Romney win on Nov. 6, it's difficult to see how people can continue to put faith in the predictions of someone who has never given that candidate anything higher than a 41 percent chance of winning (way back on June 2) and — one week from the election — gives him a one-in-four chance, even as the polls have him almost neck-and-neck with the incumbent.

Silver cautions against confusing prediction with prophecy. "If the Giants lead the Redskins 24-21 in the fourth quarter, it's a close game that either team could win. But it's also not a "toss-up": The Giants are favored. It's the same principle here: Obama is ahead in the polling averages in states like Ohio that would suffice for him to win the Electoral College. Hence, he's the favorite," Silver said.

For all the confidence Silver puts in his predictions, he often gives the impression of hedging. Which, given all the variables involved in a presidential election, isn't surprising. For this reason and others — and this may shock the coffee-drinking NPR types of Seattle, San Francisco and Madison, Wis. — more than a few political pundits and reporters, including some of his own colleagues, believe Silver is highly overrated.

"If you tell me you think you can quantify an event that is about to happen that you don`t expect, like the 47 percent comment or a debate performance, I think you think you are a wizard. That`s not possible," Times columnist David Brooks, a moderate conservative, said on PBS earlier this month. "The pollsters tell us what`s happening now. When they start projecting, they`re getting into silly land."

Brooks doubled down on this charge in a column last week: "I should treat polls as a fuzzy snapshot of a moment in time. I should not read them, and think I understand the future," he wrote. "If there’s one thing we know, it’s that even experts with fancy computer models are terrible at predicting human behavior."

On MSNBC's "Morning Joe" today, Joe Scarborough took a more direct shot, effectively calling Silver an ideologue and "a joke."

"Nate Silver says this is a 73.6 percent chance that the president is going to win? Nobody in that campaign thinks they have a 73 percent chance — they think they have a 50.1 percent chance of winning. And you talk to the Romney people, it's the same thing," Scarborough said. "Both sides understand that it is close, and it could go either way. And anybody that thinks that this race is anything but a tossup right now is such an ideologue, they should be kept away from typewriters, computers, laptops and microphones for the next 10 days, because they're jokes."

Silver's no stranger to doubt and criticism. He even doubts his own model sometimes. But he dismisses this criticism.

"We can debate how much of a favorite Obama is; Romney, clearly, could still win. But this is not wizardry or rocket science," Silver told POLITICO. "All you have to do is take an average, and count to 270. It's a pretty simple set of facts. I'm sorry that Joe is math-challenged."

Of course, it hardly matters what Brooks, Scarborough or any of Silver's critics or supporters think. What matters for Silver is that the president wins and that he ends up with a total number of electoral votes somewhere in the ballpark of whatever Silver predicts on the afternoon of Nov. 6. And even then, you won't know if he actually had a 50.1 percent chance or a 74.6 percent chance of getting there.
 
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