Republican Congressional Candidate Jim Renacci has announced that his GM dealership in Wadsworth will close. OK, not so much "announced" as "turned into a bizarre, internally contradictory campaign talking point." His press release, reproduced here on ANN, asserts the following:
- The GOP candidate for the 16th Congressional District is closing the doors to his Wadsworth car business -- a casualty, he says in a news release, of GM's deal with Uncle Sam.
Today, Jim Renacci announced that his Wadsworth Chevrolet dealership, which was targeted for closure following the government takeover of General Motors in 2009, will close its doors next month. Renacci was first notified in May of 2009 that the dealership was one of over a thousand nationwide that would be terminated.
Renacci stepped in and acquired it in an effort to save local jobs and shortly thereafter he successfully stabilized the once troubled business. Nevertheless, Renacci's franchise was ultimately dismantled as a result of the government takeover of GM.
"When the Obama administration first made clear its intention to take over General Motors and to dictate to small business owners whether or not they could continue to operate privately owned businesses"”which in some cases had been their family's livelihood for over 50 years, I feared we were witnessing one of the darkest days in American capitalism. And today, as I was forced to face my employees and tell them that we lost the fight and they've lost their jobs"”it was clear that my fears were not misplaced. Despite my best efforts, I was unable to overcome the government's "˜restructuring plan' from the outside"”but I am now left even more committed to restructuring our government's plans from the inside," Renacci said.