PolitiFact's 'Lie of the Year' About Romney is Proven True
The ad shown above aired by the Romney campaign late October of 2012. It was largely denounced by news organizations across the political spectrum. PolitiFact rated the advertisement when it came out with a "Pants on Fire" label, stating that it simply was not true. While it was true, according to PolitiFact that Chrysler and Fiat planned to manufacture vehicles in China they were doing so, as with other car companies, to help curb manufacturing costs by building cars in the country they would be sold.
On January 17 Fiat announced that they would oversee the manufacture of about 100,000 jeeps in China per year which is expandable to 200,000. Fiat has a little over 50% share in Chrysler stocks, essentially making it the owners. In 2009 to avert bankruptcy the Obama administration approved a government bailout of sorts to the auto industry. While the Romney campaign tried to make the point that the Obama administration bailed out a company that was now selling cars overseas they were soon buried by the bad press from major news outlets and never recovered.
Given the news recently about Fiat's intentions it would seem that the PoltiFact Lie of the Year isn't so much a lie as they thought.
To read it all go to http://uk.reuters.com/article/2013/01/17/uk-fiat-marchionne-china-idUKBRE90G0O620130117
and http://www.politifact.com/truth-o-meter/article/2012/dec/12/lie-year-2012-Romney-Jeeps-China/
Fiat and its U.S. unit Chrysler expect to roll out 100,000 Jeeps in China when production starts in 2014 as they seek to catch up with rivals in the worlds biggest car market.
Ending the year in 2012 PolitiFact announced their official 'Lie of the Year' to be Republican-challenger Mitt Romney's advertisement "Who Will Do More"The ad shown above aired by the Romney campaign late October of 2012. It was largely denounced by news organizations across the political spectrum. PolitiFact rated the advertisement when it came out with a "Pants on Fire" label, stating that it simply was not true. While it was true, according to PolitiFact that Chrysler and Fiat planned to manufacture vehicles in China they were doing so, as with other car companies, to help curb manufacturing costs by building cars in the country they would be sold.
On January 17 Fiat announced that they would oversee the manufacture of about 100,000 jeeps in China per year which is expandable to 200,000. Fiat has a little over 50% share in Chrysler stocks, essentially making it the owners. In 2009 to avert bankruptcy the Obama administration approved a government bailout of sorts to the auto industry. While the Romney campaign tried to make the point that the Obama administration bailed out a company that was now selling cars overseas they were soon buried by the bad press from major news outlets and never recovered.
Given the news recently about Fiat's intentions it would seem that the PoltiFact Lie of the Year isn't so much a lie as they thought.
To read it all go to http://uk.reuters.com/article/2013/01/17/uk-fiat-marchionne-china-idUKBRE90G0O620130117
and http://www.politifact.com/truth-o-meter/article/2012/dec/12/lie-year-2012-Romney-Jeeps-China/
Not so fast. PolitiFact rated Romney's ad as it's "Lie of the Year" and if you read the article it details why, and in what areas it is right. One stipulation it makes is:
ReplyDelete"Like many political distortions, Romney’s claim contained a grain of truth.
Chrysler was one of the companies that received billions in loans from the federal government. The government ended up forcing Chrysler into bankruptcy in 2009 when its debtholders couldn’t reach an agreement. Since Chrysler emerged from bankruptcy, the Italian car company Fiat has held a controlling interest.
By 2012, Chrysler and other automakers were doing much better -- a fact that confounded Romney. In Ohio, a major expansion of its Toledo plant was in the works for the Jeep Liberty. In Detroit, the company was hiring workers to build the Jeep Grand Cherokee.
But Chrysler was thinking of reviving the Jeep brand in key foreign markets, and like other American automakers, Chrysler preferred to build cars in the countries where it intended to sell them -- a common strategy to reduce tariffs and transport costs.
Bloomberg reported on Oct. 22 that the company was planning to restart production of Jeeps in China. The entirety of the Bloomberg report made it clear that Chrysler was considering expansion in China, not shuttering American production."
With the announcement on Jan. 17 that Fiat would see 100-200k jeeps built in China that falls in line with the stipulations made. Fiat was known to be planning on building some jeeps in china, but the Romney claim that Chrysler and Jeep were moving entirely to China is false. The distinction was never made by the Romney camp and thus their claims were entirely false.
http://crooksandliars.com/news-hound-ellen/fox-pretends-romney-s-jeeps-china
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