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Chrysler's chief joined a chorus of critics slamming Mitt Romney for an ad that implies Jeep is shipping American jobs to China as a result of President Barack Obama's policies.
Obama won a lot of support among Ohio's blue collar workers by pushing through an $84 billion bailout of the US auto industry despite objections from Republicans, including Romney, who has taken heat for declaring "let Detroit go bankrupt" in the midst of the crisis.
With just a week to go before the November 6 election, Obama is currently up by 2.1 points in a Real Clear Politics average of recent Ohio polls.
Romney's ad shows cars being crushed as a narrator declares that "Obama took GM and Chrysler into bankruptcy and sold Chrysler to Italians who are going to build Jeeps in China," while insisting Romney will "do more" for the auto industry.
Critics and experts have noted that credit markets were essentially frozen due to the financial crisis and that GM, Chrysler and their suppliers would have simply collapsed without government help at a cost of about a million jobs.
Both companies have posted huge profits, expanded production, added jobs and repaid most of their loans...
http://finance.ninemsn.com.au/newsb...ler-chief-slams-romney-for-inaccurate-jeep-ad
Obama won a lot of support among Ohio's blue collar workers by pushing through an $84 billion bailout of the US auto industry despite objections from Republicans, including Romney, who has taken heat for declaring "let Detroit go bankrupt" in the midst of the crisis.
With just a week to go before the November 6 election, Obama is currently up by 2.1 points in a Real Clear Politics average of recent Ohio polls.
Romney's ad shows cars being crushed as a narrator declares that "Obama took GM and Chrysler into bankruptcy and sold Chrysler to Italians who are going to build Jeeps in China," while insisting Romney will "do more" for the auto industry.
Critics and experts have noted that credit markets were essentially frozen due to the financial crisis and that GM, Chrysler and their suppliers would have simply collapsed without government help at a cost of about a million jobs.
Both companies have posted huge profits, expanded production, added jobs and repaid most of their loans...
http://finance.ninemsn.com.au/newsb...ler-chief-slams-romney-for-inaccurate-jeep-ad