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OK Mr. President – I Will Check the Record

By
Mortgage and Lending with ReadySetLoan Condo Team LLC

OK Mr. President – I Will Check the Record

I typically avoid posting political commentary.  However, with so much at stake regarding our country’s – and our lives’ – future, I thought that I would break tradition, if only for the next 14 days.

Listening to the debate last night and cruising around and posting on Facebook, it became apparent that the current administration is taking full advantage of the ignorance of the American voter and the bias in the major media outlets.

One case in point is the President’s claim that Romney wouldn’t have allowed government intervention for the failing automobile industry, which Romney refuted.  The President told Romney “…that is not what you said…check the record.”  Clearly the President did not count on anyone – mainly the mainstream media who are completely in his satchel – to verify this brazen challenge and out him for this outright lie.

So I did.

In the Op Ed piece that Romney wrote on 11/18/2008 titled “Let Detroit Go Bankrupt”, he called for drastic restructuring of the big auto makers which included a managed Bankruptcy.  He also said “…the federal government should provide guarantees for post-bankruptcy financing…”  That sounds like help from the government to me.

Mr. Obama would have us believe that Romney would not have provided any government aid to the failing companies.  This is simply not the case, as noted above.  Obama also claims that Romney would have allowed the auto makers to fail.  Obviously, Obama is counting on the typical voter to not know the difference between Bankruptcy and failure.

Over the past year or so, Obama has been touting himself as having saved the automobile industry.  Apparently, he fails to remember that it was his predecessor, George W. Bush, who approved the bailout of the auto makers.  The first checks were written during Bush’s administration.  Romney’s Op Ed piece disagreed with the President’s handling of the situation even before Obama took office.

Obama also praises his own efforts in bailing out the automotive industry which provides more jobs here in the United States.  That is very interesting to me because the majority of those employed by GM are outside of this country.  In fact, only 1/3 of the employees of GM are in the United States.  In addition, 7 out of 10 GM cars are manufactured outside of the US.

Way to invest in America, Mr. President.

Of the Big Three auto makers, the Ford Corporation has seen the biggest rise in sales and profits…and it declined government money.

So when someone says that Romney called for Detroit to fail, please educate the unfortunate, misinformed person that calling for Bankruptcy is NOT the same thing as calling for failure.

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The Condominium Project Approval Team at ReadySetLoan is dedicated to helping condominium projects across the nation to obtain their approvals with FHA and the VA or become recertified with FHA.  We have assisted nearly 200 condominiums and we can help your association.

 

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Please contact us with any questions regarding FHA or VA condominium project approvals.  You can email me at askeric@readysetloan.com or call me at 404-433-4565. I will be happy to answer any of your questions.

 


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Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

The Pres. is truely one who has a great time not telling the truth.

Oct 23, 2012 12:47 AM
Raymond E. Camp
Ontario, NY

Good morning Eric,

As usual someone taking a subject or numbers and making them work for their benefit.

Make yourself a great day.

Oct 23, 2012 12:47 AM
Team Honeycutt
Allen Tate - Concord, NC

It seems everyone is willing to speak out and tell us which candidate to vote for.  I am having difficulty understanding what happened to one vote per person. The facts are there and often the Fact Checkers are helpful in determinig what is a true fact. The only hope for the American people is that after the election, no matter who wins, that we have the good sense for everyone to cooperate with the winning party.

Betty

Oct 23, 2012 12:52 AM
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

It is not necessarily focused on GM, or Chrysler.  It is an industry-- that includes all those peripheral companies that supply the auto makers.  Had they not been bailed out, I believe, it would have thrown us into horrible shape, as millions would have been unemployed.  It is not a question of saving a big company or two.

With regards to post-bankruptcy funding, the government backstopped the auto makers, as credit markets were frozen back then.  Not even Bain Capital would toss a few bucks their way.

Oct 23, 2012 12:52 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

It is hard for me to understand, that so many smart folks are still beating the Obama drums. He and his administration have taken this country in such a bad direction, but not much longer.

Great post!!!

Oct 23, 2012 12:58 AM
Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

Right, like it really matters who spends the next four years doing nothing.  If those two were allowed to spew nonsense for another couple hours, they could have a sword fight with their noses. 

Oct 23, 2012 12:59 AM
Mike Frazier
Carousel Realty of Dyer County - Dyersburg, TN
Northwest Tennessee Realtor

Eric, if the American people will just check the facts they will see that Mr. Obama did not tell the truth several times last night and Governor Romney always did.

Oct 23, 2012 01:19 AM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Obama has said so many things that are not true including that Planned Parenthood provides mammograms - they do NOT!

Oct 23, 2012 01:49 AM
Richard Wilson
Cherry Creek Properties, LLC - Colorado Springs, CO
Town or Country, in Colorado, we do it all.

Obama may be more honest if he gets re-elected.  No more pretending or lying about his record, just a full on push towards socialism.  I cannot believe so many people seem to sympathize with his agenda.

Oct 23, 2012 01:51 PM