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Saturday, November 03, 2012

The Truth About "Jeeps To China": this analysis says some of them ARE going to be built in China:

Here's the Bloomberg story Romney referred to originally in one of his rallies:

"Fiat SpA, 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."
Here's Columbia's assessment:
"Most readers would read this as reporting that Jeep is moving all production to China, rather than adding production there to serve the China market. We’re not told otherwise by Bloomberg until the second sentence of the fifth paragraph, and even that is worded poorly...
"[The] Romney campaign [in] its subsequent TV ad drops the 'all production' bit but has come in for criticism, in part, for saying that Chrysler’s Italian owners 'are going to build Jeeps in China.' But that happens to be true, even if it was happening before 2009 under its German and private-equity ownership. Cars made overseas by an American company (even one with Italian owners) are cars that won’t be made in the U.S., and it’s fair to say those jobs are outsourced."

"The President may succeed in stonewalling Congress and the media past Election Day. But the issue will return, perhaps with a vengeance, in an Obama second term...If his Administration is found to have dissembled, careers will be ended and his Presidency will be severely damaged—all the more so because he refused to deal candidly with the issue before the election.

Read the whole article. It shows that he and his administration "dissembled." Can America really afford a "severely-damaged" President who brought this damage upon himself by his own actions and inactions? Those Greek columns were rather prophetic after all: in Greek tragedies, it's all about how "the protagonist, usually a man of importance and outstanding personal qualities, falls to disaster through the combination of a personal failing and circumstances with which he cannot deal."

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