American Future Fund: “Janesville”
American Future Fund is regurgitating Rep. Paul Ryan’s (R-WI) claim that the closure of a General Motors factory in his hometown proves President Obama’s economic policies failed. The timeline of events does not support AFF and Ryan’s claim, as the plant’s closure came under President Bush. More importantly, AFF and Ryan both omit some of then-candidate Obama’s 2008 comments to Janesville auto workers: Obama stressed the plant would have to retool its assembly line to make fuel-efficient cars rather than SUVs and trucks, because GM and the larger auto market were all shifting sharply in that direction. Indeed, Ryan lobbied GM throughout 2008 to retool the Janesville plant, while also claiming that government action could lower gas prices and help save truck assembly plants. Market forces and chronology render AFF’s ad highly dishonest.
Read more after the jump.