The single biggest theme of President Obama’s reelection campaign has been a misleading attack-and-brag regarding the auto bailouts.
Obama and his partymates have attacked Romney a hundred times on the grounds that Romney wrote an op-ed with the headline “Let Detroit Go Bankrupt.” The implication of this attack is very clear:
(1) Obama didn’t let Detroit go bankrupt. and (2) Romney wanted to liquidate the failed automakers.
Both claims are false. And I’m not inferring too much here — Obama has made both of these false claims explicitly. “We didn’t let Detroit go bankrupt,” Obama said in a June fundraiser in Baltimore. “We refused to let Detroit go bankrupt,” Obama said in his radio address two weeks ago.
Here are Chrysler’s bankruptcy filings from April 2009. Here’s an MSNBC article from a month later, reading “General Motors filed for Chapter 11 bankruptcy protection Monday as part of the Obama administration’s plan to shrink the automaker….”
So, Obama actually took GM & Chrysler into bankruptcy
Read more at The Washington Examiner