Friday, June 03, 2011

Obama Takes Toledo "Victory Lap" Under Cloud of Startling Economic News

COLUMBUS - Ohio Republican Party Chairman Kevin DeWine released the following statement in response to this morning's federal jobs statistics, and President Obama's campaign swing through Toledo this afternoon:

"Today's economic news further underscores the fact that unemployed workers in Ohio aren't looking for a presidential campaign stop, they need jobs.  The CEO of Chrysler put it best when he called the idea of President Obama's victory lap in Toledo a 'tacky celebration,'" Ohio Republican Party Chairman Kevin DeWine said.
"The auto industry's storied past in Ohio has been, and will always be, defined by the hard work, sweat and sacrifice of our workforce; not by taxpayer funded bailouts or the political motives of whomever occupies the White House. With one in ten Toledo residents out of a job and national unemployment again on the rise, Barack Obama would best serve the city, and our state, by joining Speaker Boehner in offering serious proposals which focus upon deficit spending restraint and domestic job creation," DeWine concluded.

Background Information:

The U.S. Department of Labor Offered Startling Evidence This Morning That U.S. Economy Is Slowing: "Employers hired only 54,000 new workers in May, the fewest in eight months, and the unemployment rate rose to 9.1 percent."("Employers added 54,000 jobs in May, fewest in 8 months; unemployment rate rose to 9.1 pct.," Associated Press, 6/3/11)

Chrysler CEO Panned Obama's Campaign Trip To Toledo As "Tacky": [SERGIO MARCHIONNE: It's incredibly tacky stuff. I'm being brash. You pay them back and you shouldn't be celebrating. Cut them a check and send them home. And say thank you.]  (CNBC Interview YOUTUBE, 5/31/11)
General Motors Not "Happy" To Be Utilized As Political Campaign Prop: "'No one at GM is happy' that it is 'going to be used as one of President Obama's success stories,' a source familiar with the internal dynamics of GM's business told The Daily Caller, adding that the car company is not exactly on the same page as the White House in terms of declaring victory." (Amanda Carey, General Motors Not Eager to be Political Talking Point in 2012, Daily Caller, 6/3/11)

U.S. Taxpayers Remain On The Hook For $14 Billion

White House Manufacturing Policy Advisor Ron Bloom Admits The CBO Expects A $14 Billion Loss On The Bailouts. "The latest number from the CBO I think was a $14 billion loss, and that reflects market prices at the time they did it.  The final number will be the final number." (Press Briefing By Press Secretary Jay Carney And Assistant To The President For Manufacturing Policy Ron Bloom,, 6/1/11)

"In The End, Uncle Sam Will Probably Lose Several Billion Dollars On Its Stake In GM And Will Have Bits Of Chrysler And Ally Financial, GM's Former Financing Arm, Left To Unload." (Ben White, "Obama Sees Auto Rescue As '12 Plank," Politico, 5/23/11)

Obama's Failed Economic Policies Have Not Delivered For Ohio

Toledo's Unemployment Rate Sits At 10.1% (Bureau Of Labor Statistics,, 6/3/11)

Since President Obama Took Office, Ohio Has Lost 108,800 Jobs And The Unemployment Rate Has Remained At 8.6 Percent. (Bureau Of Labor Statistics,, 6/3/11)

In April, There Were 7,962 Foreclosure Filings In Ohio, One For Every 640 Homes. ("Stats & Trends: Ohio," RealtyTrac, 6/3/11)

Since Taking Office, The Average Price Of Gasoline In Ohio's Region Has Increased From $1.87 A Gallon To $3.78 A Gallon. (Energy Information Administration, "Retail Gasoline Historical Prices; Midwest,", 5/28/11)

President Obama's Spending Binge Will Add Another $38,871 To Every Ohioan's Debt Burden
Since Taking Office President Obama Has Added $3.7 Trillion To The National Debt. ("Debt To The Penny,", 6/3/11)