The auto industry rescue played a positive role in the
presidential outcome.
As General Motors and Chrysler thrive, perhaps the
election solidified a national consensus that the bailout worked and letting GM
and Chrysler die, simply due to rigid ideology, would have been a huge mistake.
Though Mitt Romney tried to obfuscate on his position
regarding the 2008-09 auto bailout, perhaps tricking some voters to believe
that his position was reasonable, the federal assistance to General Motors and
Chrysler played a big role in the Ohio, Wisconsin and Michigan elections,
according to exit polls.
As NBC News has noted, the four
words that may forever become associated with the GOP nominee may be: "Let
Detroit Go Bankrupt."
Romney's struggle to explain his
opposition to the rescue loans – and his convoluted attempts to suggest that
his preferred plan was very similar to President Obama’s actions – allowed the
incumbent to hold tight to narrow leads in the blue-collar Midwest.
A strong majority of voters, 60
percent, in Ohio said they approved of bailout and, among that group, Obama buried
Romney by a healthy 73 to 25 percent margin.
In Wisconsin, another battleground state
that the Romney/Ryan camp targeted, 53 percent backed the bailout and, again,
among that bloc of voters, Obama easily outdistanced his GOP foe, 79 to 20
percent.
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