This transcript is automatically generated
Tonight growing concerns that many US manufacturing jobs are at stake.
Take a look at this Romney campaign ad slamming President Obama.
Obama to GM and Chrysler into bankruptcy and sold Chrysler to Italians were going to build jeeps in China.
Mitt Romney will fight for every American job.
And the left out swinging today claiming the ad is inaccurate including Joseph Biden who today called -- quote flagrantly dishonest.
But my next guest says Romney has it right here to explain mark -- -- Associate fellow for the national legal and policy senator great to have you back -- always a pleasure having you on the show.
-- it is okay -- at a -- a report.
In Bloomberg let me bring you what they wrote get your response.
Favorite to counter the severe slump in European sales be its CEO -- -- Marchionne.
Is considering building Chrysler models in Italy including cheats for export to North America.
Now is that true worry is that well.
That is absolutely true and prior to that there was a Bloomberg report that did say that.
Fiat was going to be building -- in China.
Possibly old cheap so that's where.
Governor Romney got that information that there was one slide inaccuracy and -- America -- the ad where he said the Obama administration sold.
Chrysler to the kinds he did he gave it to them the only thing Fiat paid up front.
Was some technology they transfer data and even -- any money for years -- they did don't want to buy a majority in the and possibly the NS two kinds.
That if it it is.
It's true to China part of it is true.
What Saddam was so little unclear was originally the Bloomberg article said that they might build all jeeps in China that doesn't appear to be true.
They're gonna build some -- for the Chinese market.
But they're also -- you know there's still a risk that they're -- export these things.
Stories probably were more concerning because they need to get some.
Cars built the -- factories that are.
Under utilized in -- Italy.
And during the conference call -- are marching -- the CEO for Fiat made clear that they want to be building.
Jeeps in Italy.
No this story -- -- now that you know I hear you say that and has an American I think.
Jeeps and Italy really we're gonna are we gonna move our production there I -- it makes no sense to me and -- any jeeps and going to be sold in the US.
They are saying that they want to export them in fact.
Marching Joni is negotiating with the Italians to get tax rebates on the exports -- help them -- -- to America.
Now that you know they're gonna say you have but you're still gonna build jeeps in Chrysler's here.
This is a new Jeep this is going to be -- new smaller Jeep.
It's gonna be sold in Europe but also exported here so just because it's a new -- people are going to be apologist and say oh well that's a new one.
They don't they don't have the bill that -- here they -- that that's a new vehicle they can build that over in Italy.
But you know these -- are potential jobs lost think.
-- -- car could've been built here the car could've been built here and exported instead of built in Italy and exported here so.
Absolutely truthful led by Romney and AEE you know it's very very clear from the Bloomberg article.
And the conference call another important thing -- conference call that I noted and I wrote about on the NO PC dot org today.
Much Yoni said the benchmark to outsource Chrysler's and -- should be a savings of at least one dollar.
Chrysler Chrysler should pay to produce these cars elsewhere -- the savings are at least one dollar.
It's clear they're considering this -- so for now it's just a few cars.
But you know what happened this -- we gave an American company took to the Italians we have to expect that Fiat.
Has an obligation and loyalty to its own citizens to its investors.
And and and if they want to protect.
Their manufacturing there that we've got to keep jobs in this country you know mark I and that's my bottom line and if you -- -- your dollar -- -- -- somewhere out to mark thanks for coming in really appreciate your help and that obviously go on -- I was listening to April on time thank you appreciate it have a great.