Leftist Disinformation Machine Announces MEME of the Year 2012

The leftist propaganda machine credits itself with the MEME of the year. Here is one of the many outright LIES sold as 'POLITIFACTS' during the 2012 election.  The democrat party is an appendage of BIG GOVERNMENT and it's coalition depends on deception and participation of the typical no-information Obama voter

Update January 14 Fiat, Chrysler to produce Jeep in China: paper
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Mitt Romney Ad Wins 'Lie of the Year'

Elspeth Reeve 3,058 Views 9:31 AM ET

Mitt Romney's campaign ad claiming President Obama "sold Chrysler to Italians who are going to build Jeeps in China" — implying Ohio jobs were being shipped overseas — has been awarded PolitiFact's annual "Lie of the Year." (In a hilarious twist, the controversial fact-checking group is mentioned in the commercial.) The Romney and even prompted some Jeep workers to call their union reps to ask if their jobs were in danger. But PolitiFact's Angie Drobnic Holan writes — with a slight hint of satisfaction — that for once, there were consequences for this political lie. "People often say that politicians don’t pay a price for deception, but this time was different: A flood of negative press coverage rained down on the Romney campaign, and he failed to turn the tide in Ohio, the most important state in the presidential election," she writes. The ad even prompted General Motors' spokesman to say, "We've clearly entered some parallel universe during these last few days… No amount of campaign politics at its cynical worst will diminish our record of creating jobs in the U.S. and repatriating profits back to this country."

PolitiFact points to something The Atlantic Wire noticed throughout Romney's campaign: he kept getting in trouble for picking up memes from conservative blogs, the 47 percent being the most damaging. PolitiFact (with "pants on fire" GIF at left) says:

It was a lie told in the critical state of Ohio in the final days of a close campaign -- that Jeep was moving its U.S. production to China. It originated with a conservative blogger, who twisted an accurate news story into a falsehood. Then it picked up steam when the Drudge Report ran with it. Even though Jeep's parent company gave a quick and clear denial, Mitt Romney repeated it and his campaign turned it into a TV ad.

Further reading on the Obama Jeep MEME  Romney's Jeep Ad-Obama2012 Builds a Strawman 

Leftists Claims earn a BoogieFinger on Fire Rating

 

The GM Bailout Fiction Causes Friction  The Democrats' GM Fiction Causes Friction


Which Obama Lie is your Favorite?


#Lieoftheyear #romney #jeepad #ohio #bailout #GM

Woman charged after Swedish skeleton find

Credit : littleorphanammo

Report: Woman charged after Swedish skeleton find

The Associated Press

Tuesday, Nov. 20, 2012 | 9:17 a.m.

   A woman in Sweden has been accused of necrophilia after investigators found some 100 skeleton parts in her apartment.
   The Swedish news agency TT cites prosecutor Kristina Ehrenborg-Staffas as saying that the 37-year-old woman is suspected of using the remains, which included six skulls and one backbone, in "sexual situations."

   The woman from southwestern Sweden was charged "with violating the peace of the deceased" in Goteborg District Court on Tuesday.

   The TT agency reports that police also found a CD titled "My Necrophilia" as well as photographs in which a woman is seen kissing and hugging the skulls.
The woman has denied the charges, claiming she collected the bones out of historical interest.

I know there is no mention of cooking although some parts were in the freezer....

Of course hard evidence points to our  honorable mention Alice Cooper:

  Alice Cooper Raids the 'Fridge

Obama to Meet With Cambodia’s Longtime ‘Strongman’

Obama to meet with Cambodia’s longtime ‘strongman’

The Associated Press

Sunday, Nov. 18, 2012 | 10:31 p.m.

President Barack Obama arrives in Cambodia on Monday having just won four more years in office, but that is nothing compared to his host, Hun Sen. The 60-year-old Cambodian prime minister has held power since Ronald Reagan was in the White House, and says he's not stepping down until he is 90.

Hun Sen is known as one of Asia's most Machiavellian politicians, with a knack for making sure his rivals end up in jail or in exile. A laudatory biography is subtitled "Strongman of Cambodia," and some would say that's putting it mildly.
Yet, through his country's civil wars, a U.N. peace process and several elections, the one-time communist cadre has always managed to come out on top. Over the last decade, he has also overseen modest economic growth and stability in a country plagued by desperate poverty and nearly destroyed under the Khmer Rouge "killing fields" regime.
Obama is going to Phnom Penh _ the first visit ever by a U.S. president to Cambodia _ because it is hosting the annual East Asia Summit. But White House aides say the president will also raise human rights concerns in his meeting with Hun Sen.

"He is intelligent, combative, tactical, and self-absorbed," says historian David Chandler, a Cambodia expert at Australia's Monash University and a critic of Hun Sen's rule.
These days, Hun Sen has styled himself as an elder statesman, and he is anxious to win international respectability to go along with the economic growth. Despite concerns over his autocratic style and human rights lapses, the canny Hun Sen has managed to keep flowing the international aid that still accounts for a major part of Cambodia's national budget.

 More //////   Obama to meet with Cambodia’s longtime ‘strongman’
 
  Holiday In Camodia by The Dead Kennedys

Campus Bans Ann Coulter, Invites Professor Who Calls Sex With Animals Potentially ‘Satisfying’

Campus bans Ann Coulter, invites professor who calls sex with animals potentially ‘satisfying’ 

Dr. Doolittle Does Free Range

11/17/2012  by Gregg Re at the Daily Caller

After effectively barring conservative columnist Ann Coulter from speaking on campus last week, the Jesuit college Fordham University welcomed infanticide and bestiality advocate Peter Singer for a panel discussion on Friday.

According to Fordham’s media relations website, Singer, a tenured Princeton bioethics professor, spoke from 4 to 6 p.m. in a panel the university promised “will provoke Christians to think about other animals in new ways.”

Singer has long lamented the societal stigma against having sex with animals.

“Not so long ago,” Singer wrote in one essay, “any form of sexuality not leading to the conception of children was seen as, at best, wanton lust, or worse, a perversion. One by one, the taboos have fallen. But … not every taboo has crumbled.”

In the essay, titled “Heavy Petting,” Singer concluded that “sex across the species barrier,” while not normal, “ceases to be an offence [sic] to our status and dignity as human beings.”

“Occasionally mutually satisfying activities may develop” when humans have sex with their pets, he claimed.
In addition to supporting bestiality and immediately granting equal legal rights to animals, Singer has also advocated euthanize the mentally ill and aborting disabled infants on utilitarian grounds.

In his 1993 essay “Taking Life,” Singer, in a section called “Justifying Infanticide and Non-Voluntary Euthanasia,” wrote that “killing a disabled infant is not morally equivalent to killing a person.”

More  The Story Continued at The Daily Caller

After effectively barring conservative columnist Ann Coulter from speaking on campus last week, the Jesuit college Fordham University welcomed infanticide and bestiality advocate Peter Singer for a panel discussion on Friday.
According to Fordham’s media relations website, Singer, a tenured Princeton bioethics professor, spoke from 4 to 6 p.m. in a panel the university promised “will provoke Christians to think about other animals in new ways.”
Singer has long lamented the societal stigma against having sex with animals.


Read more: http://dailycaller.com/2012/11/17/after-barring-ann-coulter-from-campus-fordham-university-welcomes-infanticide-advocate-peter-singer/#ixzz2C

After effectively barring conservative columnist Ann Coulter from speaking on campus last week, the Jesuit college Fordham University welcomed infanticide and bestiality advocate Peter Singer for a panel discussion on Friday.
According to Fordham’s media relations website, Singer, a tenured Princeton bioethics professor, spoke from 4 to 6 p.m. in a panel the university promised “will provoke Christians to think about other animals in new ways.”
Singer has long lamented the societal stigma against having sex with animals.


Read more: http://dailycaller.com/2012/11/17/after-barring-ann-coulter-from-campus-fordham-university-welcomes-infanticide-advocate-peter-singer/#ixzz2CbMF3700

Read more: http://dailycaller.com/2012/11/17/after-barring-ann-coulter-from-campus-fordham-university-welcomes-infanticide-advocate-peter-singer/#ixzz2CbMF370

After effectively barring conservative columnist Ann Coulter from speaking on campus last week, the Jesuit college Fordham University welcomed infanticide and bestiality advocate Peter Singer for a panel discussion on Friday.
According to Fordham’s media relations website, Singer, a tenured Princeton bioethics professor, spoke from 4 to 6 p.m. in a panel the university promised “will provoke Christians to think about other animals in new ways.”
Singer has long lamented the societal stigma against having sex with animals.


Read more: http://dailycaller.com/2012/11/17/after-barring-ann-coulter-from-campus-fordham-university-welcomes-infanticide-advocate-peter-singer/#ixzz2

Read more: http://dailycaller.com/2012/11/17/after-barring-ann-coulter-from-campus-fordham-university-welcomes-infanticide-advocate-peter-singer/#ixzz2CbMF3700

After effectively barring conservative columnist Ann Coulter from speaking on campus last week, the Jesuit college Fordham University welcomed infanticide and bestiality advocate Peter Singer for a panel discussion on Friday.
According to Fordham’s media relations website, Singer, a tenured Princeton bioethics professor, spoke from 4 to 6 p.m. in a panel the university promised “will provoke Christians to think about other animals in new ways.”
Singer has long lamented the societal stigma against having sex with animals.


Read more: http://dailycaller.com/2012/11/17/after-barring-ann-coulter-from-campus-fordham-university-welcomes-infanticide-advocate-peter-singer/#ixzz2CbMF3700

Government Taxes and Entitlements - A Triple-Feature for All Ages

Government Taxes & Entitlements -A Triple-Feature for All Ages

3 movies with a timeless message for Americans of any age all in one link.

Democrat Leadership has ZERO Credibility-Budgets and the Debt Ceiling

No-Budget Barack Obama and Harry Reid lack any credibility when it comes to this nation's budget process and the debt ceiling. While the main stream press will spoon-feed the dependent-hyphenated-American Obama supporter a legacy-sustaining myth, videos and quotes and facts will have to do for the rest of us. Here are the two top Democrat Leaders, (pic)  Barack Obama and Harry Reid share their thoughts on spending and the debt ceiling below. Text and Video follow:
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Harry Reid on raising the debt ceiling in 2006:

“If my Republican friends believe that increasing our debt by almost $800 billion today and more than $3 trillion over the last five years is the right thing to do, they should be upfront about it. They should explain why they think more debt is good for the economy.

How can the Republican majority in this Congress explain to their constituents that trillions of dollars in new debt is good for our economy? How can they explain that they think it’s fair to force our children, our grandchildren, our great grandchildren to finance this debt through higher taxes. That’s what it will have to be. Why is it right to increase our nation’s dependence on foreign creditors?

They should explain this. Maybe they can convince the public they’re right. I doubt it. Because most Americans know that increasing debt is the last thing we should be doing. After all, I repeat, the Baby Boomers are about to retire. Under the circumstances, any credible economist would tell you we should be reducing debt, not increasing it.Democrats won’t be making argument to supper this legalization, which will weaken our country. Weaken our county.”

 How can we forget this?

From Sen. Obama’s Floor Speech, March 20, 2006:

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that “the buck stops here.” Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.

Of Course, not to be outdone by this

Obama in 2008: Adding $4 Trillion to National Debt ‘Unpatriotic   

(CNSNews.com) – Although the national debt under President Barack Obama has increased $4 trillion since he took office in 2009, as a presidential candidate in 2008 Obama criticized then-President George W. Bush for adding $4 trillion to the national debt, saying it was “unpatriotic” and also “irresponsible” to saddle future generations with such a large national debt.
“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents -- number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back -- $30,000 for every man, woman and child,” Obama said on July 3, 2008, at a campaign event in Fargo, N.D.

Main Stream Media Complicit in Obama's Libya Coverup

Barack Obama Lies about Benghazi Libya WITH the Main Stream Media's Help

Barack Obama - False Hope & False Statements

Before you sing Obama's Praises.....

More:
Romney's Jeep Ad- Obama 2012 Builds a Strawman
The Democrats' GM Fiction Causes Friction

Forward with Obama - Sing Along

Obama 2012 - Divide, Conquer and Revenge

Romney closes big: ‘Love of country’ vs. ‘Revenge’

November 3, 2012 | 9:11 pm by Byron York , Washington Examiner

WEST CHESTER, Ohio
"About midway through Mitt Romney’s speech to a crowd of as many as 30,000 who had gathered for a chilly, outdoor, red-white-and-blue Friday night rally in this suburb of Cincinnati, close Romney aide Stuart Stevens wandered through the throng by himself, getting a feel for how the audience was reacting to Romney’s words.  Stevens does that sometimes, listening to the thoughts of people who have no idea they’re talking to someone who has Romney’s ear and probably wrote the very phrases they’re hearing.  On Friday, he stepped into the largest gathering that Romney has drawn in the entire campaign.
I ran into Stevens in one corner of the crowd, and we chatted a little.  Romney, he said, was using his last campaign days “to remind people of the basic choice — it’s a status quo versus change election, always has been.”  Then Stevens grew quiet as Romney reached a critical part of the speech.
“Now, throughout this campaign President Obama has tried to convince you that these last four years have been a success,” Romney said.
“There it is — that’s it,” Stevens whispered.
“He wants to take all the things he did in his first term — the stimulus, the borrowing, ‘Obamacare,’ all the rest — and then try them all over again,” Romney said.
The crowd booed.
“But our big dreams will not be satisfied with the small agenda that’s already failed us,” Romney continued.  “And today — did you see what President Obama said today? He asked his supporters to vote for revenge — for revenge.”
The audience seemed genuinely stunned, taking in its collective breath.
“Instead, I ask the American people to vote for love of country,” Romney said, drawing the longest and loudest applause of the night.
Stevens seemed enormously satisfied with Romney’s performance.  A few hours later, that portion of Romney’s speech would become a 30-second commercial for the closing days of the campaign....."

More of the Story Continued:
Romney closes big: ‘Love of country’ vs. ‘Revenge’

Fight Intensifies Over U.S. Coal Exports

 Just keep repeating the Obama administration's talking point there is no war on coal. 

Fight Intensifies Over U.S. Coal Exports

The Associated Press

Saturday, Nov. 3, 2012 | 1:31 p.m.

The progressive college town of Bellingham, Wash., is known for its stunning scenery, access to the outdoors and eclectic mix of aging hippies, students and other residents. But lately it's turned into a battleground in the debate over whether the Pacific Northwest should become the hub for exporting U.S. coal to Asia.
Five ports proposed for Washington and Oregon could ship as much as 140 million tons of coal, mostly from the Rockies, where it could travel by rail through communities such as Spokane, Seattle and Eugene, Ore., before being loaded onto ships bound for Asia.
The Cherry Point marine terminal would be the largest coal-export port in the U.S., exporting up to 54 million tons of bulk commodities, mostly coal.

With so much at stake, critics and supporters have intensified their pitches in recent weeks, running TV and radio spots, doorbelling homes and turning to phone banks and social media to rally support for their side.
Hundreds packed a public hearing in Bellingham last week to tell regulators what should be analyzed during the environmental review process. Hearings in Seattle, Vancouver and Spokane are also expected to draw crowds.
"This flies in the face about what are we about as a region, as far as our leadership on building a clean economy and saying no to coal. We're seen as a region that leads with innovation," said Kimberly Larson, with the Power Past Coal campaign. "Are we going backward or forward?"
Environmentalists, some Northwest tribes and others want regulators to study the cumulative effects all five projects: increased train traffic, carbon emissions from burning coal overseas and other health and environmental concerns.
Project supporters say it's not practical to lump the projects together. Only some ports will be built, they say, and each has different circumstances.
"Most of the people who are proposing that just view it as an opportunity to grind everything to a halt," said Craig Cole, a spokesman for developer Seattle-based SSA Marine. "We are expecting a very full review of the impacts of this project."
Even as environmental reviews have started for three coal-export projects at Cherry Point, Port of Morrow, Ore., and Longview Wash., the Army Corps of Engineers hasn't decided whether it'll conduct a broader environmental review for all the projects.
"We haven't made that determination yet," said corps spokeswoman Michael Coffey. "We're not saying yes and we're not saying no either."
Two other projects are proposed in Oregon at Coos Bay and St. Helens. Another in Grays Harbor County, Wash., was shelved over the summer, after the developer decided to explore other terminal uses.
Meanwhile, a trade group that includes the three largest U.S. coal producers has been running TV and newspaper ads to tout jobs, tax revenues and other economic benefits.
"We feel that someone is going to supply the coal to the ports that need it. ... The question is: where is that coal going to come from?" said Lauri Hennessey, a spokeswoman for the Alliance for Northwest Jobs & Exports, which includes BNSF Railway and companies such as Peabody Coal, Arch Coal and Ambre Energy with stakes in the Northwest projects. "That coal can be sent through Washington and Oregon ports in a way that's environmentally responsible."
Several union leaders and some lawmakers say the region can't afford to turn down well-paying jobs. The company says the $665 million project will create 1,250 permanent direct and indirect jobs and generate $11 million in tax revenues; critics are skeptical.
"Some groups have demonized a natural resource and they think nobody on the planet should burn this material. I disagree. We need jobs," said Mike Elliott, chairman of the state's Brotherhood of Locomotive Engineers and Trainmen.
Trains already carry coal from the Rockies through the state for export through British Columbia. But Bellingham resident Lynn Berman and others fear the increase in coal shipments _ about nine mile-long trains a day _ could threaten fisheries, create health problems and foul the area's natural resources.
"It's such a bad idea," said Berman, who worked the phone bank one afternoon in the field office in downtown Bellingham set up by ReSources, a local group that has been organizing against the project. "I think it will impact everyone in this community."
Volunteers have made 32,000 phone calls and hope to make tens of thousands more to educate people about the project, said Matt Petryni, Power Past Coal Campaign organizer. The Sierra Club is also running TV ads in Eastern Washington to warn of risks. It has plans to run more ads statewide and in Oregon.
The Cherry Point area is noted for extensive herring spawning grounds. It's also known burial grounds for the Lummi Nation. The tribe recently came out against the project.
"We do not want any further disturbance," said Jewell James, who manages the tribe's sovereignty and treaty protection office. "It's also a treaty rights issue. This always has been a major fishing and harvesting site for our fishermen."
On a recent afternoon, SSA Marine's Cole pointed to the site, near marine terminals for two oil refineries and an aluminum smelter. "This site has been intended for this purpose," said Cole, a former Whatcom County Councilman. He said the company plans to follow the highest environmental standards.
"The hoops that the company has to jump through are very extraordinary. They're really high. You have to prove that you can avoid impacts, minimize them or mitigate them," Cole said.
But neighbors and others who gathered in Cindy Franklin's living room for a letter-writing workshop that same afternoon weren't so sure.
"I'm afraid that this new race to get all this coal out of the ground, sell it under the guise of energy independence ... is going to destroy our atmosphere," said Franklin, 59, retired business consultant and environmental activist. "It's about the burning of the coal being a major contributor to climate change. We need to do all we can to stop this."

Navy Removes Ship’s Command After Boozy Port Visit

Navy removes ship’s command after boozy port visit

The Associated Press

Saturday, Nov. 3, 2012 | 3:46 p.m.

The commander and top officers of a San Diego-based Navy frigate have been relieved of duty after a booze-fueled port visit to Vladivostok, Russia.
The Navy said in a statement that Cmdr. Joseph E. Darlak, skipper of the USS Vandegrift, was removed Friday after an investigation for demonstrating poor leadership and failing to ensure proper officer conduct during the three-day September stop.
Executive officer Lt. Cmdr. Ivan A. Jimenez and the ship's chief engineer and operations officer were also relieved. The Navy cited use of alcohol and not adhering to behavior policies.
The names of the two lower-ranked officers were not released, and the Navy did not give specifics on the misbehavior.
Capt. H. Thomas Workman has taken over the Vandegrift until it returns to San Diego later this month.

China, Japan Citizens Back Budgetless Obama for 2nd Term

China, Japan citizens back Obama for second term, poll shows 

 2 November 2012 

AFP - Citizens of China and Japan overwhelmingly support President Barack Obama to win a second term, according to an AFP-Ipsos poll which suggests Mitt Romney's tough talk on the Asian powers could have dented his image.
The US elections may be a toss-up at home but the survey carried out by Ipsos Hong Kong found a whopping 86 percent of Japanese back the Democrat incumbent compared to only 12.3 percent for Republican party candidate Romney.
Chinese respondents were less emphatic, but still a hefty 63 percent said they wanted Obama to serve out another four years, according to the online poll conducted in September and October

READ MORE:
 China, Japan citizens back Obama for second term, poll shows 

One Billion Dollars in $100 Bills

Coincidentally:           MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES

                                       MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES
                                                 (in billions of dollars)
                                               HOLDINGS 1/ AT END OF PERIOD


                       Aug     Jul     Jun     May     Apr     Mar     Feb     Jan     Dec     Nov     Oct     Sep     Aug
Country               2012    2012*   2012*   2012*   2012*   2012*   2012*   2012*   2011*   2011    2011    2011*   2011
                     ------  ------  ------  ------  ------  ------  ------  ------  ------  ------  ------  ------  ------

China, Mainland      1153.6  1149.3  1147.0  1164.0  1164.4  1144.0  1155.2  1166.2  1151.9  1254.5  1256.0  1270.2  1278.5
Japan                1121.5  1116.2  1110.1  1108.9  1089.8  1082.5  1090.6  1082.8  1058.0  1066.0  1006.1   983.9   907.0
Oil Exporters 3/      263.0   262.5   268.2   258.4   259.9   260.0   267.6   267.5   261.1   254.2   248.4   252.1   245.8
Carib Bnkng Ctrs 4/   256.9   245.7   244.3   243.0   237.3   234.3   231.7   223.5   226.2   222.2   212.1   209.7   210.4
Brazil                253.9   253.0   244.3   245.8   245.9   238.1   228.4   228.2   226.9   226.6   229.4   226.4   219.2
Switzerland           202.2   190.1   171.8   154.9   150.1   150.5   145.3   146.4   142.3   126.1   143.9   158.2   157.6
Taiwan                198.0   196.1   196.4   190.0   187.3   190.1   183.7   178.4   177.3   166.9   167.4   166.6   143.5
United Kingdom 2/     153.6   140.4   137.8   136.2   135.8   125.3   118.0   115.5   113.7   124.7   106.5   116.9   181.2
Russia                153.3   154.3   163.8   156.3   155.4   151.1   144.8   145.7   149.5   145.1   147.5   149.9   138.1
Belgium               142.6   144.2   144.5   132.0   132.3   141.6   125.1   131.4   135.2   133.2   132.4   132.1    87.1
Hong Kong             139.6   136.7   136.0   143.8   145.0   140.3   141.8   134.3   121.7   107.9   113.3   111.6   102.0
Luxembourg            131.4   128.3   138.3   130.9   130.0   140.0   140.9   140.0   147.6   127.1   126.5   127.9   114.7
Ireland                92.2    88.2    91.3    93.9    95.1    94.2    96.0    86.1    97.6    69.6    66.2    62.4    51.4
Singapore              91.9    92.7    86.9    83.1    82.5    84.7    84.6    74.8    75.1    70.0    70.7    70.5    61.0
Norway                 73.9    72.7    68.6    67.9    64.8    61.0    59.4    57.3    56.7    40.3    37.0    39.6    28.1
France                 68.1    64.0    49.1    50.6    49.8    45.9    39.7    42.5    44.7    59.4    53.7    43.4    60.9
Germany                64.0    62.8    64.0    65.0    62.7    64.6    60.7    60.9    60.7    67.8    68.0    66.0    62.1
Thailand               58.8    53.0    53.1    53.5    52.2    54.7    54.3    54.5    51.6    56.0    49.9    49.0    47.6
Canada                 57.0    55.7    52.8    55.8    63.8    54.2    53.9    48.0    45.1    48.7    46.4    45.1    46.6
Mexico                 56.7    53.5    51.6    45.8    40.8    35.8    31.7    30.1    29.3    31.6    31.0    31.3    29.9
India                  51.9    53.5    53.8    50.0    49.3    46.7    44.1    42.8    43.5    38.4    40.1    41.2    40.1
Korea, South           42.8    44.3    44.5    46.3    43.9    42.7    50.8    49.9    47.3    42.1    42.7    38.5    36.3
Philippines            36.9    36.6    35.4    36.5    36.8    37.1    37.1    35.7    32.7    31.7    32.2    32.2    30.0
Turkey                 34.4    30.0    29.1    27.1    28.1    30.4    30.1    27.4    32.0    40.2    40.5    40.7    40.1
Poland                 30.0    29.5    29.9    28.4    28.4    27.5    27.3    28.7    28.5    27.9    28.6    29.6    31.2
Chile                  29.7    29.7    26.7    26.4    24.5    21.9    22.5    22.3    23.0    24.9    24.7    22.2    22.0
Colombia               29.2    28.0    27.1    26.5    26.9    26.7    25.1    25.2    23.5    20.0    21.8    21.4    19.8
Sweden                 28.0    28.2    27.8    27.4    27.6    27.6    28.5    29.2    28.9    30.4    30.8    30.9    28.4
Italy                  27.5    27.8    27.5    27.1    26.5    24.1    23.3    22.7    22.8    21.2    21.5    21.7    20.7
Australia              27.1    25.0    25.3    29.7    25.8    22.6    23.5    22.1    21.7    24.0    24.6    23.2    18.9
Israel                 26.3    25.6    24.5    24.8    23.7    22.8    23.0    22.7    19.3    19.3    19.3    20.2    22.0
Netherlands            26.1    24.6    25.9    25.8    24.4    23.1    24.6    24.8    21.3    23.7    24.0    24.9    23.1
Spain                  24.9    24.0    26.5    21.7    21.2    21.1    21.3    23.7    24.0    16.3    14.1    13.1    13.3
Malaysia               19.2    20.0    20.3    20.3    20.1    20.5    20.9    20.6    20.6    18.5    17.7    17.0    15.4
Denmark                14.2    14.6    15.3    15.1    14.6    15.4    15.4    15.9    16.5    13.6    13.6    13.9    12.0
Peru                   11.5    11.8    11.7    11.4    10.5    10.1     8.9     8.9     8.8     8.5     8.6     8.0     8.0
South Africa           11.2    11.3    13.2    12.6    12.3    12.2    12.9    12.9    12.1    11.3    11.5    10.9    11.0
All Other             226.8   224.1   226.7   227.3   225.0   222.0   217.0   213.9   205.7   195.1   189.6   185.8   198.4
Grand Total          5430.0  5348.0  5311.0  5263.9  5214.6  5147.5  5110.0  5063.6  5004.2  5005.2  4918.3  4908.3  4763.5

Of which:
 For. Official       3911.5  3874.4  3852.9  3826.3  3779.0  3717.4  3708.3  3684.5  3618.0  3628.9  3600.9  3619.5  3517.2
  Treasury Bills      373.0   355.0   362.2   359.8   345.7   356.0   360.7   349.6   357.6   379.0   374.6   387.3   409.2
  T-Bonds & Notes    3538.5  3519.4  3490.7  3466.5  3433.3  3361.4  3347.6  3334.9  3260.4  3249.9  3226.2  3232.2  3108.0

Department of the Treasury/Federal Reserve Board
October 16, 2012

 *   Includes holdings of Treasury bonds and notes as reported on TIC Form SLT, "Aggregate Holdings of Long-Term Securities by U.S.
     and Foreign Residents"
 1/  The data in this table are collected primarily from U.S.-based custodians and broker-dealers. Since U.S. securities held in
     overseas custody accounts may not be attributed to the actual owners, the data may not provide a precise accounting of
     individual country ownership of Treasury securities
     (see TIC FAQ #7 at: http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/ticfaq1.aspx).
     Estimated foreign holdings of U.S. Treasury marketable and non-marketable bills, bonds, and notes reported under the Treasury
     International Capital (TIC) reporting system are based on annual Surveys of Foreign Holdings of U.S. Securities and on
    monthly data.
 2/  United Kingdom includes Channel Islands and Isle of Man.
 3/  Oil exporters include Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar,
     Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria.
 4/  Caribbean Banking Centers include Bahamas, Bermuda, Cayman Islands, Netherlands Antilles and Panama.
     Beginning with new series for June 2006, also includes British Virgin Islands.

-----------------------------------------------------------------------------------------------------------------------------------

Peter Schiff Debt and China - Progressives have the only plan
 Barack Obama on Debt

Debt as of 11/02/2012

US Debt Clock

Romney's Jeep Ad- Obama 2012 Builds a Strawman

Romney's Jeep Ad-Obama2012 Builds a Strawman 

 The Chrysler Corporate blogger helps push the MEME:

Jeep in China

by Gualberto Ranieri

October 25, 2012 4:24 PM
UPDATE: PLEASE SEE COMMENTS FROM CHRYSLER CHAIRMAN AND CEO SERGIO MARCHIONNE POSTED 10/30/12.

There are times when the reading of a newswire report generates storms originated by a biased or predisposed approach.

On Oct. 22, 2012, at 11:10 a.m. ET, the Bloomberg News report “Fiat Says Jeep® Output May Return to China as Demand Rises” stated “Chrysler currently builds all Jeep SUV models at plants in Michigan, Illinois and Ohio. Manley (President and CEO of the Jeep brand) referred to adding Jeep production sites rather than shifting output from North America to China.”

Despite clear and accurate reporting, the take has given birth to a number of stories making readers believe that Chrysler plans to shift all Jeep production to China from North America, and therefore idle assembly lines and U.S. workforce. It is a leap that would be difficult even for professional circus acrobats.

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. A careful and unbiased reading of the Bloomberg take would have saved unnecessary fantasies and extravagant comments.   

 The italicized segment of the paragraph by highlight from the Bloomberg article omits a few key facts.

The story’s first version didn’t say that Chrysler intended to move its Jeep production from the U.S. to China. Bloomberg News did update the story within hours of its first posting to stress that point -- three days before Romney spoke.
Asked to explain what was erroneous with the Bloomberg story, Saul asked to see it then didn’t respond to requests for comment. Bloomberg News spokeswoman Meghan Womack said last night, “Bloomberg’s story was not inaccurate. We stand by our reporting.”  Romney Ad Seen as Distortion Prompts Protest by U.S. Automakers   

 If you Watch the Romney Ad , it says 'plans to return Jeep output to China' 
from the 10/22 Bloomberg article that says

'Fiat SpA (F), majority owner of Chrysler Group LLC, plans to return Jeep output to China and may eventually make all of its models in that country, according to the head of both automakers' operations in the region. '

Clear and accurate reporting? Try Not move Jeep to china, but 'plans to return output to China'.  If Jeep only makes these models in the U.S., and then they build factories in China to make Jeeps, are you going to make more Jeeps in the United States? If you have capacity to produce locally, but change to a foreign location for production, what word should we use?  Will duplicity and cost issues force the U.S. to build less Jeeps here in the future? What will be the demand for JEEPS or will they be able to achieve the new CAFE mileage standards?  If you sought clarification or correction of Romney's remarks in regards to Jeep on Oct 25, wouldn't accurately quoting the source in a T.V. commercial days later do just that?

 Besides how long will the Chinese allow the following to continue.

Signs point to a lucrative Jeep market for Chrysler in China. In May, Chinese dealers were able to charge the equivalent of $189,750 for a high performance version of a U.S.- built Jeep Grand Cherokee that retails in its home market here for $54,470.

 Chrysler Corporate and Obama  propaganda can only hide behind the headlines. Consider this kneeslapper....

Chrysler CEO Reiterates Jeep Production Staying in U.S.

Fiat, which is working on a production plan for Europe to account for the region’s slumping demand, said today that it will build a small Jeep in Italy for export beginning in
2014. The Jeep, which wasn’t identified by name, is a new model for Europe and the U.S. that isn’t currently in production, according to a Fiat presentation.

 More reading the GM and Obama bailouts

The Democrats' GM Fiction Causes Friction
TARP Overseer Neil Barofsky on Bailouts & Obama

Democrat Spin on Romney's Jeep Ad Shifts Into Absurd

If you Watch the Romney Ad , it says 'plans to return Jeep output to China'
from the Bloomberg article that says

'Fiat SpA (F), majority owner of Chrysler Group LLC, plans to return Jeep output to China and may eventually make all of its models in that country, according to the head of both automakers' operations in the region. '

Typical of the Left. The following announcement won't make the news because it conflicts with the current elect-Obama MEME. If it makes the news, it is buried and disguised  like this factoid in the article titled

Chrysler CEO Reiterates Jeep Production Staying in U.S.

Fiat, which is working on a production plan for Europe to account for the region’s slumping demand, said today that it will build a small Jeep in Italy for export beginning in
2014. The Jeep, which wasn’t identified by name, is a new model for Europe and the U.S. that isn’t currently in production, according to a Fiat presentation.  http://www.bloomberg.com/news/2012-10-30/chrysler-ceo-reiterates-jeep-suv-production-will-remain-in-u-s-.html

The media is complicit with the Obama campaign for this continued deception on Mitt Romney's positions, all the while covering up Obama's outright lies, coverups and possible criminal conduct. The 4th estate is the 5th column.

Woman Rescued From Raging Creek- Fowl Play Suspected

Cops: Drunken woman tried to ‘save’ ducks in storm

The Associated Press

Tuesday, Oct. 30, 2012 | 9:38 a.m .

A Pennsylvania woman faces charges that include risking a catastrophe after she jumped into a raging creek to "save" a couple dozen wild ducks.
Southern Regional Police in York County said Justina Laniewski went into the Codorus Creek in Glen Rock on Monday evening, and her toddler started to follow her.

A neighbor grabbed the child, but it took firefighters from a nearby station to rescue Laniewski from neck-high waters. She was also charged with reckless endangerment, disorderly conduct and public drunkenness.
Southern Regional Sgt. Darryl Smuck says a breath test showed Laniewski's alcohol level was more than twice the legal limit for driving. A phone listing for her couldn't be located.

Democrats Double Down on their Fiat-Chrysler LIE

The Democrats, backed by the Main Stream Media are campaigning hard for Barack Obama against Mitt Romney. The latest in keeping with the Romney is lying MEME is about the Fiat/Chrysler Jeep ad and claims that Jeep is expanding/moving production to China. On Oct 22, 2012 Bloomberg:
Fiat Says Jeep Output May Return to China as Demand Rises

 How does the left spin it?
 updated with the following:
AP Hides Fiat's Plans to Manufacture Jeeps for North American Market in Italy
----------------------------------------------------------------------------------------------------------------------------

Bill Clinton: Mitt Romney's Jeep-to-China ad is 'biggest load of bull in the world'

The Obama campaign has complained about the Romney campaign's Jeep ad, which links the president to a report saying Chrysler plans to move its Jeep production from the U.S. to China.
Chrysler released a statement on Monday saying it had no plans to stop producing Jeeps in the U.S.
The statement said, "U.S. Jeep assembly lines will continue to stay in operation."
Clinton recounted talking to Obama earlier Monday about the claim by the Romney campaign.
"I saw the reports of Gov. Romney's latest ads saying that the president had allowed Jeep to move to China. And so this morning, before [Obama] left Florida, and went back to Washington, he said, 'You know, of all the things that Gov. Romney has said, that probably hurts my feelings the most,'" Clinton said, referring to Obama.
"He said, 'You know I never had any money when I was a kid and the first car I owned I was 30 years old, it was a Jeep. I would never move Jeep to China,'" Clinton said.

 Really? The Romney is a Liar campaign as conducted by the pathological LIARS Bill Clinton and Barack Obama:

"I saw the reports of Governor Romney's latest ad saying that the president had allowed Jeep to move to China," said Clinton. "And so this morning, before he left Florida and went back to Washington, he said, 'You know, of all the things Governor Romney has said that probably hurts my feelings the most.' He said, 'You know, I never had any money when I was a kid. and the first new car I ever owned I was 30 years old it was a Jeep.'"

Obama's first new car was a Jeep Grand Cherokee, but was 39 years old when he bought the 2000 model, not 30, as Clinton stated earlier today.  Clinton: Obama's Feelings Most Hurt Over Jeep Ad

===========================================================================


Now the following Bloomberg article

Fiat Says Jeep Output May Return to China as Demand Rises

By Craig Trudell - Oct 22, 2012 10:10 AM CT
 
Fiat SpA (F), majority owner of Chrysler Group LLC, plans to return Jeep output to China and may eventually make all of its models in that country, according to the head of both automakers’ operations in the region.
Fiat is in “very detailed conversations” with its Chinese partner, Guangzhou Automobile Group Co. (2238), about making Jeeps in the world’s largest auto market, said Mike Manley, chief operating officer of Fiat and Chrysler in Asia. Chrysler hasn’t built Jeeps there since before Fiat took control in 2009.

Enlarge image

The bodies of 2012 Jeep Compass and 2012 Jeep Patriot sports utility vechicles (SUV) move along the assembly line at the Chrysler Group LLC assembly plant in Belvidere, Illinois. Photographer: Daniel Acker/Bloomberg

“The volume opportunity for us is very significant,” Manley, who is also president of the Jeep brand, said in an interview at Chrysler’s Auburn Hills, Michigan, headquarters. “We’re reviewing the opportunities within existing capacity” as well as “should we be localizing the entire Jeep portfolio or some of the Jeep portfolio.”
Chrysler, which entered an alliance with Turin, Italy-based Fiat as part of its U.S. government-backed bankruptcy, is relying on growth in China to counter weakness in Europe’s auto market. The automaker is targeting 500,000 annual sales outside North America by 2014, more than triple its overseas deliveries in 2009.
Chrysler currently builds all Jeep SUV models at plants in Michigan, Illinois and Ohio. Manley referred to adding Jeep production sites rather than shifting output from North America to China.

Further Information of GM, Bankruptcy and TARP
Barack Obama LIES about Mitt Romney's GM Bankruptcy Statements

 
GM Bailout
 
Inspector General of TARP NEIL Barofsky

Bailed-out Division of General Motors sells in Bankruptcy to Billionaire Obama Supporter 

Obama Campaign Scrambles to Discredit Romney's 'Jeep' Ad

Marines, Police Prep for Mock Zombie Invasion

Marines, police prep for mock zombie invasion

The Associated Press

Saturday, Oct. 27, 2012 | 11:29 a.m. 

Move over vampires, goblins and haunted houses, this kind of Halloween terror aims to shake up even the toughest warriors: An untold number of so-called zombies are coming to a counterterrorism summit attended by hundreds of Marines, Navy special ops, soldiers, police, firefighters and others to prepare them for their worst nightmares.
"This is a very real exercise, this is not some type of big costume parry," said Brad Barker, president of Halo Corp, a security firm hosting the Oct. 31 training demonstration during the summit at a 44-acre Paradise Point Resort island on a San Diego bay. "Everything that will be simulated at this event has already happened, it just hasn't happened all at once on the same night. But the training is very real, it just happens to be the bad guys we're having a little fun with."
Hundreds of military, law enforcement and medical personnel will observe the Hollywood-style production of a zombie attack as part of their emergency response training.
In the scenario, a VIP and his personal detail are trapped in a village, surrounded by zombies when a bomb explodes. The VIP is wounded and his team must move through the town while dodging bullets and shooting back at the invading zombies. At one point, some members of the team are bit by zombies and must be taken to a field medical facility for decontamination and treatment.
"No one knows what the zombies will do in our scenario, but quite frankly no one knows what a terrorist will do," Barker said. "If a law enforcement officer sees a zombie and says, `Freeze, get your hands in the air!' What's the zombie going to do? He's going to moan at you. If someone on PCP or some other psychotic drug is told that, the truth is he's not going to react to you."
The keynote speaker beforehand will be a retired top spook _ former CIA Director Michael Hayden.
"No doubt when a zombie apocalypse occurs, it's going to be a federal incident, so we're making it happen," Barker said. Since word got out about the exercise, they've had calls from "every whack job in the world" about whether the U.S. government is really preparing for a zombie event.
Called "Zombie Apocalypse," the exercise follows the federal Centers for Disease Control and Prevention's campaign launched last year that urged Americans to get ready for a zombie apocalypse, as part of a catchy, public health message about the importance of emergency preparedness.
The Homeland Security Department jumped on board last month, telling citizens if they're prepared for a zombie attack, they'll be ready for real-life disasters like a hurricane, pandemic, earthquake or terrorist attack. A few suggestions were similar to a few of the 33 rules for dealing with zombies popularized in the 2009 movie "Zombieland," which included "always carry a change of underwear" and "when in doubt, know your way out."
San Diego-based Halo Corp. founded by former military special ops and intelligence personnel has been hosting the annual counterterrorism summit since 2006.
The five-day Halo counterterrorism summit is an approved training event by the Homeland Security Grant Program and the Urban Areas Security Initiative, which provide funds to pay for the coursework on everything from the battleground tactics to combat wounds to cybersecurity. The summit has a $1,000 registration fee and runs Oct. 29-Nov 2.
Conferences attended by government officials have come under heightened scrutiny following an inspector general's report on waste and abuse at a lavish 2010 Las Vegas conference that led to the resignation of General Services Administrator Martha Johnson. The Las Vegas conference featured a clown, a mind-reader and a rap video by an employee who made fun of the spending.
Joe Newman, spokesman of the watchdog organization Project on Government Oversight, said he does not see the zombie exercise as frivolous.
"We obviously are concerned about any expenditure that might seem frivolous or a waste of money but if they tie things together, there is a lesson there," Newman said. "Obviously we're not expecting a zombie apocalypse in the near future, but the effects of what might happen in a zombie apocalypse are probably similar to the type of things that happen in natural disasters and manmade disasters. They're just having fun with it. We don't have any problems with it as a teaching point."
Defense analyst Loren Thompson agreed.
"The defining characteristics of zombies are that they're unpredictable and resilient. That may be a good way to prepare for what the Pentagon calls asymmetric warfare," Thompson said.
Organizers can also avoid the pitfalls of using a mock enemy who cannot be identified by nationality, race or culture, potentially offending someone.
"I can think of a couple of countries where the local leaders are somewhat zombie-like," he joked. "But nobody is going to take this personally."

Monster Man by the Suburbs
M Jackson  Thriller

Sticky Situations: Pot Party Popped

NY drug raid nets 640 marijuana lollipops, cash

The Associated Press

Saturday, Oct. 27, 2012 | 12:37 p.m.

Just in time for Halloween, New York police say a drug raid in Buffalo turned up 640 marijuana lollipops that had been obtained in California where medical marijuana is legal.
The Buffalo News reports ( http://bit.ly/RWXFke) that police raided a party on Thursday attended by some University of Buffalo students and found the Jolly Lolly suckers, as well as leaf marijuana, cocaine and $13,000 in cash. At least one person was arrested on felony drug charges. He allegedly had the candies shipped across the country to Buffalo.
Medical marijuana is not legal in New York.

Bailed-out Division of General Motors sells in Bankruptcy to Billionaire Obama Supporter

Bailed-out Division of General Motors sells in Bankruptcy to Billionaire Obama Supporter

Ally Financial Inc., previously known as GMAC Inc. (an acronym for General Motors Acceptance Corporation), is a bank holding company headquartered in Detroit, Michigan, United States at Tower 200 of the Renaissance Center

Buffett’s firm wins auction for ResCap’s loans

The Associated Press

Thursday, Oct. 25, 2012 | 1:03 p.m.

Warren Buffett's company won the auction for Residential Capital's loan portfolio with a $1.5 billion bid this week.
That means the conglomerate Berkshire Hathaway Inc. will acquire the loans as long as a bankruptcy judge approves.
ResCap's board of directors said Thursday that Berkshire had submitted the best bid for its portfolio of 47,000 loans.
Berkshire's winning bid is slightly higher than the $1.442 billion minimum Berkshire promised when it became the lead bidder for ResCap's loan portfolio in June.
ResCap's parent company is Ally Financial, which is 74 percent owned by the U.S. government as a result of bailouts. ResCap has been a drain on Ally's finances for years because it has struggled to make payments on its debt ever since the U.S. housing market collapsed in 2007.

Barack Obama LIES in the 3rd Debate About Mitt Romney's Statements on the GM Bankruptcy

Fact-check: Text of 2008 Romney op-ed debunks Obama’s auto-bailout attack 


The Democrats' GM Fiction Causes Friction 
 

TARP Overseer Neil Barofsky on Bailouts & Obama

Media Ignores Obama & Romney call for REAL Fact-Check in the Debate over G.M.

Another Fact-Check Fail by the LEFT
McClatchy Writes

Facts and fiction in foreign policy debate

By Kevin G. Hall | McClatchy Newspapers      Posted 10/22/2012

WASHINGTON — President Barack Obama and Republican challenger Mitt Romney traded barbs on foreign policy Monday night, dueling over everything from military spending to Middle East events to how best to stop Iran from acquiring a nuclear weapon.
In the last of three high-stakes presidential debates, not everything they said at Lynn University in the Florida beach city of Boca Raton squared with reality. Here’s a fact check of some of what they said:
SYRIA:
LIBYA:
IRAN:
IRAQ:MILITARY MATTERS:
.EGYPT:LATIN AMERICA:

 ========================================================================

Strange the Main Stream Media wouldn't fact-check the part of the debate where BOTH candidates ask to actually check their statements. Where else in the entire debate did they call for another?   Turns out the GM OpEd statement made by Romney was CORRECT and Obama was caught in ANOTHER Flat-out LIE.  Here is the Video and quotes from the Times Op Ed.  

 

The Hill Fails to Fact Check or run a column on the GM Statement. Obama's remarks go unchallenged and this is the best The Hill.com can do   Obama: 'We might not have an auto industry’ if Romney had been president  They dont even challenge the remarks. Again, Both candidates say check the facts.
========================================================================

Of course the propagandists at @MSNBC at the Maddow Blog ran with this disinformation piece.    Setting the record straight on the auto rescue

Excerpt:

In a debate in which many of the disputes are subjective, it's nice to have an argument in which there's an objective truth. Romney told viewers last night that his position was that American auto makers "can get government help and government guarantees" as part of the bankruptcy process.
Depending on how generous one is inclined to be, this is either a lie or a stunning case of "Romnesia."
Jonathan Cohn, who's done some great reporting on the auto rescue in recent years, noted Romney's condemnation during the Republican primaries of using public funds for the industry. Here's what Romney said during a debate in late 2011:

"My view with regards to the bailout was that whether it was by President Bush or by President Obama, it was the wrong way to go. I said from the very beginning they should go through a managed bankruptcy process, a private bankruptcy process. We have capital markets and bankruptcy. ... My plan, we would have had a private sector bailout with the private sector restructuring and bankruptcy with the private sector guiding the direction as opposed to what we had with government playing its heavy hand."

As a substantive matter, this didn't make any sense -- capital markets were frozen at the height of the crisis, and the money simply wasn't there. It was either the government or nothing. Last night, Romney argued the opposite of his position, saying he supported auto makers getting "government help."
By any measure, this isn't just a flip-flop; it's failing to tell the truth about a flip-flop.
And in terms of political salience, all of this only serves as a reminder to the nation -- most notably some folks in Ohio -- that if Romney had his way, the American auto industry would have collapsed, waiting for private investment that would have never come.

=========================================================================
Red Herring and Strawmen. MSNBC  gets caught with yet another piece of propaganda. First, they don't even reference the NYTimes Op Ed piece from the debate that the EDITORS TITLED.  Let Detroit Go Bankrupt   or even mention that Fiat took over Chrysler in the frozen capital market. The Main Stream Media and Barack Obama don't dwell in facts or truths, they perpetuate lies and push agendas.



TARP Overseer Neil Barofsky on Bailouts & Obama

Read more here: http://www.mcclatchydc.com/2012/10/22/172265/facts-and-fiction-in-foreign-policy.html#storylink=cpy

Fact-check: Text of 2008 Romney Op-Ed Debunks Obama’s Auto-Bailout Attack

Fact-check: Text of 2008 Romney op-ed debunks Obama’s auto-bailout attack

Excerpts from:  Matthew Boyle Investigative Reporter at The Daily Caller  10/23/2012

The text of a 2008 op-ed on the auto-bailout by Republican nominee Mitt Romney debunks attacks by President Barack Obama, who accused Romney of changing his position during the third and final presidential debate on Monday night.

 Debate 3 - Barack Obama and Mitt Romney Florida 2012
More:

The Romney op-ed both candidates were referring to ran in The New York Times on Nov. 18, 2008 under the headline “Let Detroit Go Bankrupt,” and appears to support Romney’s position.
In the op-ed, Romney said he thought the government should play a role in handling a managed bankruptcy. “The American auto industry is vital to our national interest as an employer and as a hub for manufacturing,” Romney wrote in the op-ed. “A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs. The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk.”
“In a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check,” Romney added.
Under the Obama administration, Detroit still went bankrupt. General Motors and Chrysler sank into bankruptcy, but instead of having open bankruptcy proceedings in a court, the Obama White House ran the proceedings. Many people won as a result of the bailout, but many others lost, too. Perhaps the biggest loss was that of the 20,000 non-union Delphi salaried retirees, who lost their pensions and benefits programs as they were headed into retirement as a result of a Treasury Department and White House decision

GM Bailout
Inspector General Neil Barofsky- The Overseer of Tarp Part I
Inspector General Neil Barofsky- The Overseer of Tarp Part II


 TARP Overseer Neil Barofsky on Bailouts & Obama