Romney saved the auto industry?

09 May

Multiple news sources are reporting Republican Tea party (GOTP) presumptive presidential candidate Willard Mitt Romney’s claiming, despite his now infamous 2008 call to “let Detroit go bankrupt,” he would “take a lot of credit” for his impact on the U.S. automobile industry’s comeback.

During an interview with WEWS-TV in Cleveland following a campaign stop, Romney reportedly mewed his views helped save the industry.

“I pushed the idea of a managed bankruptcy,” Romney said. “And finally, when that was done, and help was given, the companies got back on their feet. So I’ll take a lot of credit for the fact that this industry’s come back.”

Huffington Post reported that according to the federal judge who presided over Chrysler’s bankruptcy in 2009, the company would not have survived without the bailout. Ford survived without taking a government loan.

In his now well-known 2008 New York Times op-ed “Let Detroit Go Bankrupt,” Willard claimed a government bailout for ailing auto giants Chrysler and General Motors would do more harm than good.

“If General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye,” Willard wrote. “In a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check.”

Romney also spoke out on his opposition to the government loaning money to the industry in 2009, placing some of the blame on Bush.

“Bailout of enterprises that are in trouble, that’s not the right way to go,” Romney told CNN’s Larry King in 2009. “I know President Bush started it with the auto industry. I thought it was a mistake.”

The President’s campaign team immediately jumped on Willard’s comments, stating Willard was trying to pull a fast one and attempting to “fool” the public.

“Mitt Romney may think he can fool the American people by hiding his belief that we should ‘let Detroit go bankrupt,’ but the American people won’t let him,” Obama campaign co-chair Ted Strickland said in a statement, referencing Romney’s Times editorial. “Mitt Romney seems to think Americans will just forget the past and his very vocal and clear opposition to the successful auto rescue.”

One more example that Willard Mitt Romney’s willing to say – or do – whatever it takes to be elected President; WHATEVER IT TAKES …


Posted by on May 9, 2012 in 2012 Election


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2 responses to “Romney saved the auto industry?

  1. fatherkane

    May 10, 2012 at 02:59

    The only ‘news’ I actually watch is MSNBC’s ‘Morning Joe’. Yesterday Scaraborgh and I think it was Brian Williams actually said the word ‘liar’ in referring to Romney.
    The examples are too many and it’s starting to go mainstream.
    Will Republicans vote for a man who lies openly and easily?


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