Elections 2012: Mitt Romney’s New Auto Ad Misleads on Facts [Video]

The Republican candidate’s campaign has released political ad in swing states that calls out President Obama’s handling of the auto industry bailout.

Mitt Romney released a new political ad that aired in Toledo yesterday, which calls out the auto bailout and accuses the U.S. president of making false attacks on the Republican – at a time when the GOP nominee has caught heat for a claim he’s made about Chrysler moving jobs to China.

The spot, which shows nostalgic images of people enjoying rides in their cars, and then autos getting crushed at a junkyard, is believed to turn around a weak point for the former Massachusetts governor – his Times op-ed headlined “Let Detroit Go Bankrupt” – and says Obama is the one who really did that.

“Who will do more for the auto industry? Not Barack Obama. Fact checkers confirm his attacks on Mitt Romney are false. The truth? Mitt Romney has a plan to help the auto industry,” the spot claims.

“He’s supported by Lee Iacocca and the Detroit News. 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.”

According to The Huffington Post, this claim is quite questionable: “Again, this is technically true, but only according to a narrow reading of the language.”

The publication explains: “Fiat, the Italian company that now owns Chrysler, is building Jeeps in China. But the company is not moving jobs from America to do it. Instead, Fiat is expanding current production in China for the purposes of catering to a growing Chinese market.”

The Republican nominee publicly expressed his negative attitude towards government help for troubled automakers.

The Republican challenger has reiterated that the auto bailout was the type of bankruptcy process he was referring to and claimed credit for the process last spring, but backed off for months after Ohio newspaper editorial boards dinged him for it, reports Politico.

Dan Akerson, CEO and chairman of General Motors since September 2010, was asked two years ago what would have happened had Mitt Romney’s plan been followed.

Akerson said that GM “would have been in bankruptcy for years and I think you could have written off this company, this industry and this country.”

The Obama campaign cried foul. In responding to the ad, it noted: “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. 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.”

The statement from Obama’s campaign adds: “Mitt Romney might be willing to do anything to close the deal, but Ohioans know where he stood when it mattered most and won’t be fooled by his dishonest ads in the final days of this campaign.”

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