I have not written publicly in a year. I guess it’s time.
Last night on the CNN debate in Flint, Michigan, Secretary Clinton said of Senator Sanders,
I voted to save the auto industry. He voted against the money that ended up saving the auto industry. I think that is a pretty big difference.
The Michigan primary is tomorrow so this is a big deal. I have no dog in a primary fight between Secretary Clinton and Senator Sanders.
During the time in question I was serving as Director of the White House National Economic Council staff for President Bush and was heavily involved in this issue.
Here is the full Clinton quote:
CLINTON: Well — well, I’ll tell you something else that Senator Sanders was against. He was against the auto bailout. In January of 2009, President-Elect Obama asked everybody in the Congress to vote for the bailout.
The money was there, and had to be released in order to save the American auto industry and four million jobs, and to begin the restructuring. We had the best year that the auto industry has had in a long time. I voted to save the auto industry.
He voted against the money that ended up saving the auto industry. I think that is a pretty big difference.
Now let me get back to what happened in January of 2009. The Bush administration negotiated the deal. Were there things in it that I didn’t like? Would I have done it differently? Absolutely.
But was the auto bailout money in it — the $350 billion that was needed to begin the restructuring of the auto industry? Yes, it was. So when I talk about Senator Sanders being a one-issue candidate, I mean very clearly — you have to make hard choices when you’re in positions of responsibility. The two senators from Michigan stood on the floor and said, “we have to get this money released.” I went with them, and I went with Barack Obama. You did not. If everybody had voted the way he did, I believe the auto industry would have collapsed, taking four million jobs with it.
While she gets a few details wrong, Secretary Clinton’s story is roughly correct right up until you get to her punchline. Then she blows it. In addition she ignores a more important vote from six weeks earlier in which she and Senator Sanders voted the same way, in favor of helping the auto industry.
Secretary Clinton’s […]