Kliphnote: The left-headed fact checkers need to check their facts.
"But Ryan is in fact correct. The Janesville GM factory stopped production of SUVs in December 2008 and closed its doors for good in 2009 – less than one year after Obama promised to keep it open for another hundred years."
+ Read the whole story here from CNS NEWS +
The facts about Janesville GM plant's closure
August 31, 2012
Any suggestion that Obama had anything to do with the closing of GM Janesville is obviously wrong.
At the same time, that's not exactly what Ryan said in his speech.
Here's the excerpt:
>>>"My home state voted for President Obama. When he talked about change, many people liked the sound of it, especially in Janesville, where we were about to lose a major factory.
"A lot of guys I went to high school with worked at that GM plant. Right there at that plant, candidate Obama said: 'I believe that if our government is there to support you ... this plant will be here for another hundred years.' That's what he said in 2008.
"Well, as it turned out, that plant didn't last another year. It is locked up and empty to this day." <<<
Obama delivered the Janesville speech before he locked up the nomination later in 2008....
At the time of the loan from the George W. Bush administration, then-President-elect Obama believed auto companies needed help to survive. But he and his aides were talking more about tough rules -- not about saving Janesville, or other specific plants.
Clearly, if Obama had wanted to bring it up at that time, he could have.
The U.S. Treasury -- which is part of the Obama administration -- has owned a sizable stake in GM since 2009, so, presumably, if the president and Treasury had wanted to take a more activist role to reopen Janesville, it could have.
After all, the administration called for and got the firing of then-CEO Rick Wagoner.
GM officials prefer to run their own company. But saving the plant certainly could have been discussed among the members of Obama's auto task force, if they had wanted to do so.
+Read the rest here+