New Obama ad depicts Romney as 'job destroyer'

This transcript is automatically generated

-- now to the presidential race.

And this -- released by the Obama campaign that uses laid off steel workers to -- Mitt Romney has a jobs destroyer ticket to get us.

And they close it down -- file for bankruptcy without any concern for the families and communities like can't harm it can -- for my homeowners.

It was like watching an old -- bleed to death this -- round and these Americans without work.

It breaks my heart.

Bain Capital saw it.

Elimination of the pension plan and determination.

Employee and retiree life insurance and health insurance.

I was devastated through.

Makes me anger.

All right it also makes my next guest angered enough for the reasons you think you see he did not work from -- steel company like those guys.

Cunningham is a retired Delphi worker one of the thousands who says that their pensions and benefits were devastated.

By the president's auto bailouts and that is something you were on the -- towards the taxpayer.

-- just you think we're not getting the whole story here explain what happened to you.

-- I don't think we're getting the story at all in the and I find that incredible that the Obama campaign would put they.

And they had such as this when.

They cause the suffering for so many.

Delphi salaried employees 20000 of you who lost their pensions.

At least thirty to 70% among them let them PBGC.

Who lost their health care in their life insurance.

At the direction of the auto task force.

Aren't we since -- dvds is -- about it guaranty corporation the agency.

Responsible for -- companies to fund pensions -- really pennies on the dollar but but.

That the administration has argued that thanks to those rescues a million jobs were saved.

Yours might have been lost a compromise in the process but many many more were -- what do you say that.

Well -- you know we understand.

Things were necessary during this this bailout but what we don't understand is how.

How to groups were treated so differently.

We basically lost all of our benefits.

At the same time taxpayer dollars were used.

The fund top offs for the pensions of the union represented employees so.

We don't understand the fairness -- that.

You know it's a good looking back at that I don't remember those rescues is -- -- -- pretty closely.

They were -- never as a risk of losing American jobs that they would never be anything akin to bankruptcy that they would be rescued.

Plans finalized would avoid being shuttered.

-- models being shut down invariably what we had was a bankruptcy filing.

Courtesy the taxpayer backing it up.

But that's just attacks now.

I'm wondering if they had been billed ahead of time as likely to result in jobs like viewers.

Being gone benefits being wiped out would they -- even gotten the congressional approval -- that.

Well I guess I couldn't answer that but certainly the the advertising at a time wasn't the same as the results.

So when you see these jobs saved and then you see the attacks on Mitt Romney did.

In a private capital to save.

A company your other enterprise many jobs were lost.

Does it ring hollow with -- -- there are some familiarity the only difference being it's a huge difference prided capital involved.

Not taxpayer money but the the same results people -- are lost in the process.

Well I'm not I'm not sure if I can comment on.

And whether private capital or governments have worked better I guess I'd fall on the side of private capital all the time.

But.

You know it just didn't when government capital is involved.

Everything should be fair everything should be equal.

And one group shouldn't be discriminated against.

Vs another -- that should be the doctrine that followed there.

Do you worry about the so called slippery slope argument something argument was right after President Bush for example.

A bailed out the banks that that was the stage setter that it that it was inevitable auto companies.

Would have been bailed out of began under -- and continued under President Obama.

It escalated to include those who were behind -- -- student loans.

-- for clunkers at all and on and on.

That it it just opened up a pandora's box do you agree -- -- I think it -- and I think it continues to be that way.

So what's the answer right now if you had to advise.

This president future presidents.

When it comes to sick.

Manufacturers or companies of any sort should the government and any role or just stepped out of the.

I think the markets can handle most any thing -- they've proven that in the past and and I guess I believe that if the companies -- saving there's someone out there willing to invest in -- and and that's probably the best thing end result for the employees of that company and retirees of the company I think it would have been in the case of Delphi and GM.

-- took thank you very much sort of -- all that happened -- but it's always instructive to at least hear from folks like you.

It's even after the fact -- coming -- thank you very much.

Thank you know.

Watch Live

New Obama ad depicts Romney as 'job destroyer'

Details

Clips

Your World

Questions about WH accountability in IRS scandal

Rep. Cantor: Lois Lerner owes Americans an 'explanation'

Cavuto: Will scandals register in Obama's poll numbers?

Focus on cleanup after massive Oklahoma tornado

Rubio: Administration has fostered 'culture of intimidation'

Concern over IRS scandal implications for health care law

Tea Party group files first lawsuit against IRS

Sen. Paul: 'Someone has to be fired' over IRS scandal

New questions about Okla. school safety in wake of tornado

Tornado touches down in Oklahoma

Cavuto: When 'hands on' leads to 'hands off' at the WH

Jerusalem mayor on Russia's role in Syrian conflict

Transcript

Recommended