"Ryan trumpeted the $1.2 trillion in Bush tax cuts showered largely on the richest 1%, pushed for the deregulation of Wall Street financial manipulations, opposed 2007 efforts to rein in the financial industry’s increasingly risky practices but then voted for a virtually unconditional bailout of the big banks after the meltdown in 2008 in order to “save the free enterprise system.” Ryan also voted for the auto bailout without any provisions to prioritize US jobs including those in his district. Further, Ryan has been a consistent supporter of the “free trade” deals with low-wage, repressive regimes that have fueled the offshoring of jobs.
In recent years, Ryan’s home district has lost thousands of family-sustaining jobs. Its economic foundations have been dangerously hollowed out: Delco in Oak Creek shut down at a cost of 3,800 jobs, mostly going to Mexico; Chrysler in Kenosha had 850 jobs sent to Mexico with the help of auto industry “bailout” funds; and General Motors in his hometown of Janesville eliminated 2,800 jobs directly with its pre-Christmas 2008 plant closing, while GM kept open a low-wage plant with parallel capacities in Silao, Mexico. The GM shutdown in Janesville wiped out another 3,000 jobs in nearby supplier plants.
The three major industrial counties in Ryan’s district have endured devastating manufacturing job losses since 2000, with Kenosha County losing 30%, Racine County 33%, and Rock County an astonishing 54%.
