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Thursday, May 28 2015

In Michigan, Jeb Gives Unsolicited, Sketchy Business Advice

May 28, 2015

Jeb Bush is taking his second trip of the year to Michigan today to tour a business, meet with senior execs, and speak to a Lincoln Day dinner. Perhaps Jeb will impart his controversial business experience that the Associated Press today described as “a dizzying array of corporate connections that earned him millions of dollars and occasional headaches” and could become a major issue in the election.

If his ineffective business experience isn’t enough, Jeb’s opposition to the auto rescue will dissuade Michigan workers and business owners. If Jeb had his way, 4 million jobs would have disappeared and Michigan’s auto industry would have been left to die.

Even in the Great Lakes State, Jeb’s record leaves workers high and dry.

Bush Opposed Efforts To Rescue The Auto Industry

Asked In A House Budget Committee Hearing Whether He Supported The Auto Rescue, Bush Simply Responded “No.” According to a transcript of a House Budget Committee hearing from June 1, 2012, “Mr. Van Hollen. Thank you, Mr. Chairman. I do believe that there is a lot of agreement. But let me  just start with what sort of got me going here. The chairman in his opening remarks again talked about the Obama administration  and crony capitalism. They continue to refer to the auto  rescue, not as an example of an important government  intervention that helped millions of jobs, but as an example of  crony capitalism. So I just want to ask you, Governor Bush, I believe you  supported, as did a lot of us, not all of us, on a bipartisan basis the effort that President Bush took to help rescue the  financial sector, which in part precipitated the crisis. And many of us believe that it was also appropriate to take the actions that President Obama did to help rescue the auto industry and a million jobs. Did you support that effort? Mr. Bush. No. Mr. Van Hollen. No. Okay.” [House Budget Committee Hearing, 6/1/12]

Bush: Auto Rescue Represents “A Form Of Capitalism Where The Government Intervenes In A Very Muscular Kind Of Way. According to The Tampa Bay Times, “Bush said that until the hearing, he hadn’t been asked his opinion on the automotive bailout or the bank bailouts. He told the committee he didn’t support the auto bailout — what he describes as ‘a form of capitalism where the government intervenes in a very muscular kind of way.’ The positions puts him in line with Romney. Bush did say, however, say [sic] that he thought some aspects of the bank bailout were necessary. Bush worked as a consultant for Lehman Brothers before its collapse, and currently serves as a senior adviser to Barclays Capital.” [The Tampa Bay Times, 6/1/12]

Politico: Jeb Bush Did Not Support The Auto Rescue. According to, “Those facts don’t seem to matter to the GOP leaders lining up to be their party’s 2016 presidential nominee. Each has made it very clear whether or not they would have supported the auto bailout. Jeb Bush: No. Ted Cruz: No. Scott Walker: No. Rick Perry: No. Chris Christie: No comment. And last, but certainly not least, Rand Paul: NO.” [, 12/18/13]

Published: May 28, 2015

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