...there\u2019s no way of getting around the fact that there wouldn\u2019t even be a Chrysler around to hire new workers at its Toledo Jeep plant (or in China) without Obama\u2019s bailout.
...ignoring, deliberately or otherwise that several Jeep products, the Jeep brand, and Jeep production facilities would have been among the few valuable assets of Chrysler, and would have been purchased by investors who would try to make a go of it, rather than being liquidated, in a traditional bankruptcy. After all, as Mr. Leonard points out, the brand is strong, and has a large and growing export market in China, where the appeal, no doubt in part rests on the cachet of the very American brand. So, he deliberately, in our opinion, conflates a socialist/mercantilist bailout of a wealth-destroying enterprise with something resembling a free-market business, to polish the \"pro-business\" credentials of Mr. Obama as opposed to those of Mr. Romney. Pretty weak.
","engine":"visual"}" data-block-type="2" id="block-9711b469844e4055f01f">In this rather partisan and somewhat confused article, Andrew Leonard doesn't let reality get in the way of his Obama-burnishing. In trying to indict Romney on one of the very few decent positions he has (e.g., against the auto bailouts), he takes Romney to task for claiming that the bailed-out Chrysler Corp has shipped Jeep production to China, making a true-sounding but fundamentally wrong point;
...there’s no way of getting around the fact that there wouldn’t even be a Chrysler around to hire new workers at its Toledo Jeep plant (or in China) without Obama’s bailout.
...ignoring, deliberately or otherwise that several Jeep products, the Jeep brand, and Jeep production facilities would have been among the few valuable assets of Chrysler, and would have been purchased by investors who would try to make a go of it, rather than being liquidated, in a traditional bankruptcy. After all, as Mr. Leonard points out, the brand is strong, and has a large and growing export market in China, where the appeal, no doubt in part rests on the cachet of the very American brand. So, he deliberately, in our opinion, conflates a socialist/mercantilist bailout of a wealth-destroying enterprise with something resembling a free-market business, to polish the "pro-business" credentials of Mr. Obama as opposed to those of Mr. Romney. Pretty weak.