Only Mitt Would Think US Companies Making and Selling Jeeps in China is a Bad thing
One way to reduce trade deficits in foreign trade is to trade both ways. We should be making and selling cars in every country in the world because the profits from that come back here. Trading with Nations that were former enemies also strengthens ties between countries and reduces the chances of conflict with them. Communist countries that allow more trade and that move towards mixed economies become more free over time. Only Mitt would portray the fact that US companies can now make and sell cars in China as a bad thing.
Mitt Romney spoke to supporters in the Ohio town of Defiance last week, but his words came from the twin cities of Duplicity and Deception.
“I saw a story today that one of the great manufacturers in this state, Jeep, now owned by the Italians, is thinking of moving all production to China,” the Republican presidential nominee proclaimed, referring to the automaker President Obama saved from dissolution with taxpayer funds. “I will fight for every good job in America.”
The truth, however, was roughly 180 degrees opposite Romney’s claim. Chrysler, which owns the Jeep label, has added about 7,000 jobs in North America since it emerged from bankruptcy proceedings in June 2009, and it continues to expand its U.S. workforce and to invest hundreds of millions of dollars in American plants.
Romney’s fiction was apparently based on a misreading of a Bloomberg News report a few days earlier, which said that Chrysler would resume production in China for the first time since parent Fiat SpA bought the company — in addition to Chrysler’s production in Michigan, Illinois and Ohio.
“Let’s set the record straight: Jeep has no intention of shifting production of its Jeep models out of North America to China,” Chrysler executive Gualberto Ranieri wrote in a statement.
But in the game of trickery, Romney is exceedingly dexterous. A couple of days later, his campaign came out with an ad in Ohio repeating the allegation in a way that tweaked the wording to make it technically true, while continuing to give the same false impression: “Obama took GM and Chrysler into bankruptcy and sold Chrysler to Italians who are going to build Jeeps in China. Mitt Romney will fight for every American job.”