http://www.humanevents.com/2012/10/19/l … president/
An interesting turn of events.
From the link...
"The blessings of the onetime Chrysler chairman are expected to help Romney in two highly competitive states: Pennsylvania, where the 88-year-old Iacocca was born and raised and is still widely respected, and in Michigan, where Iacocca rose to become a major figure in the auto industry
Iacocca told the Detroit News in 2010 that he supported the Obama administration’s plan to save General Motors and Chrysler"
"Realizing that the company would go out of business if it did not receive a significant amount of money for a turnaround, Iacocca approached the United States Congress in 1979 (Democrats) and asked for a loan guarantee. While some have said that Congress lent Chrysler the money, the government only guaranteed the loans." wiki
Bite that hand, Lee.
That's no surprise! He's a billionaire. I'm sure he's worried about paying more in taxes and his off shore investment products being taxed heavier when they enter the US under an Obama Administration.Under Romney he knows he stands to make even more money.
He endorsed George W. Bush in 2000 and John Kerry in 2004, so again no surprise. He's protecting his interests as so many millionaire and billionaires are.
Again he's done it in the past. He's 88 years old and I'm sure believes in the trickle down theories that got us in this mess will get us out of it. The POTUS does support small business and his policies have showed slow growth and improved employment. It took us 30 years to get into this mess, and everyone expects to fix it in 4 years or overnight. We need our manufacturing jobs back, not more going overseas (Senata right now). We've become a service company country. Here in this town 6 out of 8 major employers went overseas. The two that stayed replaced jobs with robots, eliminaing half of those jobs.The jobs lost, have been replaced with supermarkets, bar, attractions, casinos, and restaurants, hoping the vacationers will keep us afloat.
I tend to look at this situation and know that there are more than taxes involved here. Warren Buffet owes a billion in back taxes and walks around a free man. So the proof is in the pudding there.
Obviously Lee Iacocca does not feel Barack is good for American business or he would not be supporting Mitt.
His age and th rest does not matter, he is a car guy, a Detroit Auto Dude, the ones Obama claims hate Romney.
Interesting statistic you posted. Can you please cite the source about all those jobs going overseas in just one town.
Or he doesn't care that medicare will become a voucher system for those under 55. He doesn't understand the cost of insurance and running a household. He doesn't care about women's rights. He doesn't care that health insurance to private individuals isn't affordable and believes in the going to the emergency room mentality. He doesn't realize or care how all these manufacturing jobs shipped overseas has impacted every. I don't know his thinking, but I do know he stands to lose a lot with the POTUS plan.
Iacocca, who now lives in California, issued a statement saying he backed Romney because of his “dozens of years of experiences in the public and private sectors” and because the GOP nominee has a plan that “will enable a stronger America.”
Well he knows more then I do! I've yet to hear this "Plan". He talks about the 5 with no details? Says he will release details after he's elected. Sorry, I don't buy a car without at least test driving it. Romey's experience of success seem to be retail businesses. Those are the best paying jobs. As for the Olympics, he became a lobbyist, recieved taxpayer money, exchanged a lot of favors for special interest projects and touts success? And lets not forget lapel pins in "his likeness" and much of what was manufactured for the Olympics came from foreign manufactoring companies, not America worker factories.
Possibly? Or just a simple case of greed! Don't know? Some put no merit in President Clinton backing the POTUS. And other Republicans say, If Hillary would run, they would vote for her as they get Bill with the deal. Go figure? Can't guess what folks are thinking? All I know is, I'm concerned about vouchers, healthcare (people cant afford personal private insurance, his lack of plan details, womens rights, and the list goes on. Romney is all over the place with those issues.
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