Romney Auto Ads Stir Up Storm

by InvestorPlace Staff | November 1, 2012 8:16 pm

investorpoliticsletters2 Romney Auto Ads Stir Up Storm[1]Mitt Romney has to be wondering if Donald Trump’s endorsement[2] was really worth all the headaches it has brought his campaign.

In the aftermath of the Trump bombshell[3] that wasn’t, the right-wing mogul has been stirring up more trouble on “behalf” of Romney. Romney has begun running TV ads in the battleground state of Ohio suggesting that GM (NYSE:GM[4]) and Chrysler are planning to ship jobs overseas[5], particularly to China.

In the ad, a narrator has the following to say about the two automakers and Barack Obama:

“Obama took GM and Chrysler into bankruptcy, and sold Chrysler to Italians who are going to build Jeeps in China. Mitt Romney will fight for every American job.”

Chrysler has strongly denied that its plans to build Jeep plants in China will lead to job losses in the United States. So when Donald Trump stepped up to echo the Romney line, one Chrysler executive was not pleased[6].

Trump tweeted today “Obama is a terrible negotiator. He bails out Chrysler and now Chrysler wants to send all Jeep manufacturing to China — and will!” To which Ralph Gilles, Chrysler’s head of product design, tweeted back at Trump “You are full of shit!”

Gilles later apologized for his remarks, but said, “lies are just that, lies.”

To view the ad in question, check out the embedded video just below this article.

– Benjamin Nanamaker, InvestorPolitics Editor

The opinions contained in this column are solely those of the writer.

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Endnotes:
  1. [Image]: mailto:letters@investorplace.com
  2. Donald Trump’s endorsement: http://www.cnn.com/2012/02/02/politics/campaign-wrap/index.html
  3. Trump bombshell: http://investorplace.com/investorpolitics/trumps-bombshell-turns-out-to-be-another-dud/
  4. GM: http://studio-5.financialcontent.com/investplace/quote?Symbol=GM
  5. planning to ship jobs overseas: http://abcnews.go.com/Politics/mitt-romneys-ohio-auto-ad-triggered-political-showdown/story?id=17617082#.UJMNm4Y3kQo
  6. Chrysler executive was not pleased: http://www.chicagotribune.com/news/politics/sns-rt-us-chrysler-trumpbre8a01o5-20121101,0,1625685.story

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