President Obama called Mitt Romney a "bullsh***er" the other day, but it's "Obama who is peddling the BS when it comes to Romney and automobile-company bankruptcy," writes Marc Thiessen at the Washington Post. An Obama campaign ad claims that Romney would have let the auto industry collapse, but in fact both men advocated managed bankruptcy. The difference: Obama offered government loans, while Romney would have guaranteed private-sector loans.
But Obama has won the message war by hammering Romney for months with bankruptcy attacks. Finally, this weekend, Romney's team released an ad saying that the president guided GM and Chrysler through managed bankruptcy "and sold Chrysler to Italians who are going to build Jeeps in China," says the ad's narrator. Will Romney's "counterassault" be enough to "turn the tide," asks Thiessen, particularly in the key swing state of Ohio? "We’ll know the answer in eight days."