Indiana Republican Senate nominee Richard Mourdock wants you to know he believes the rescue plan that saved the auto industry “was a serious mistake.”
Mourdock says he “was not wrong” to oppose emergency loans in 2009 to prevent the collapse of the auto industry. Mourdock says that if the auto companies had been forced to declare bankruptcy without first getting bailout funds to stabilize them, he believes “in his heart and soul” that they still would have recovered.
Whatever Mourdock believes would have happened if he’d gotten his way, the one thing that we know for sure is that thanks to the very same rescue plan that Mourdock calls “a serious mistake,” auto manufacturers are doing well.
When President Obama took office in January 2009, there were 77,400 Indianans working in the automotive manufacturing sector—one in 38 jobs in the state. Today, there are 99,700—one in 30 jobs. And those are just the jobs directly in the automative manufacturing sector, they don’t include the other businesses that are supported by those workers, they don’t include dealerships, and they don’t include auto service. And they certainly aren’t the result of “a serious mistake.”