UAW press conference

[kentuck]

http://www.autoblog.com/2012/11/01/uaw-calls-for-investigation-into-romney-ethics-violations-over-p/

<snip>
The UAW leadership held a press conference in Toledo, Ohio, Thursday, alleging that Romney profited from the 2009 automotive bailout of General Motors and Chrysler Group through an investment in a company that itself was invested in Delphi Automotive. The irony, of course, is that Romney opposed a government bailout of the auto industry.

<snip>
However, after carefully examining the article, as well as another article in The Huffington Post, it remains unclear exactly how that money was made. Furthermore, the original article noted that Romney's disclosures were not illegal, meaning, in fact, that they were legal.

No matter for the UAW.

"While Romney was opposing the rescue of one of the nation's most important manufacturing sectors, he was building his fortunes with his Delphi investor group, making his fortunes off the misfortunes of others," King added.

Personnel at the Office of Government Ethics could not be reached for immediate comment.

[SickOfTheOnePct]

1. I guess I'm missing something

If he opposed something (the auto bailout) that wouild make him money, how does that make him look bad?

[kentuck]

2. Perhaps he thought he could make more?

If Delphi Auto went under? Maybe that was why he said to let GM go bankrupt?

[snappyturtle]

3. I think it has to do with how he weedled the money from the bailout.

The bailout would have been easy for him to oppose probably sensing it would pass with out without his backing. Let me see if I can find the link.


Edit: try this explanation...lots to read so here's an excerpt:

Of course, once the hedge fund Romney was invested in shook the feds down for billions, they went to work on destroying jobs. Where did they ship most of the work. Why, who would have thunk it? China.