Jeb Bush is in Ohio today rubbing shoulders with business leaders, but it’s not the first time he’s chosen the business elite over middle class workers. Bush opposed the auto rescue and would’ve let 850,000 jobs that are tied to the auto industry disappear.
Not exactly a winning message from Bush: Protecting his Wall Street allies and leaving Ohio workers to fend for themselves.
850,000 Ohio Jobs Are Tied To The Auto Industry
PolitiFact Rated The Claim That ‘850,000 Ohio Jobs (Are) Tied To The Auto Industry.’ True. According to Politifact, “The ODP’s claim was that ‘850,000 Ohio jobs (are) tied to the auto industry.’ That is an accurate statement. While the jobs figure includes intermediate and spinoff jobs, as well as direct employment, that manner of counting is not uncommon for evaluating employment impact. On the Truth O Meter, we rate the statement True.” [Politifact, 3/14/12]
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 Politico.com, “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.” [Politico.com, 12/18/13]
Bush Supported Government Efforts To Bail Out Banks In The Wake Of The Financial Crisis
Bush, A Former Adviser To Lehman Brothers And Barclays Capital, Supported The Bank Bailout. According to The Tampa Bay Times, “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.” [Tampa Bay Times, 6/1/12]
Published: Apr 14, 2015