PolitiFact Reports: The campaign of U.S. Rep. Bill Pascrell charges that U.S. Rep. Steve Rothman opposed funding for Obama’s auto bailout, and would have let the industry slide into bankruptcy. The two congressmen are preparing to face off June 5 for the Democratic nomination in the 9th Congressional District.
It’s accurate that Rothman voted against the funding mechanism that would later support the auto bailout, but the Pascrell campaign went too far in suggesting that Rothman did not support assisting U.S. automakers at all, PolitiFact New Jersey found. It is true that Rothman voted against the bill creating TARP, which was later used to fund the auto bailout. But at the time of that vote, the program was not intended to assist the auto companies. Also, Rothman indicated a willingness to provide federal assistance for automakers through his support of a separate rescue package that was later blocked in the Senate.
We rate the statement Half True.