Romney thinks he deserves "a lot of credit" for the auto industry recovery..

Discussion in 'Politics' started by futurecurrents, May 9, 2012.

  1. "Campaigning in the backyard of America's auto industry, Mitt Romney re-ignited the bailout debate by suggesting he deserves "a lot of credit" for the recent successes of the nation's largest car companies.
    That claims comes in spite of his stance that Detroit should have been allowed to go bankrupt.

    The course Romney advocated differed greatly from the one that was ultimately taken. GM and Chrysler went into bankruptcy on the strength of a massive bailout that Romney opposed. Neither Republican President George W. Bush nor Democratic President Barack Obama believed the automakers would have survived without that backup from taxpayers.
    Romney opposed taxpayer help.
    "If General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye," Romney wrote in a November 2008 opinion article in the New York Times. "It won't go overnight, but its demise will be virtually guaranteed."
    General Motors posted a record profit last year."

    Talk about revisionist history. Is there anything this guy won't lie about or waffle on ?
  2. Ricter


    Lol, good job there, Mitt.
  3. Max E.

    Max E.

    In fairness Romney definately deserves a little credit for the survival of the auto industry.....

    He kept Bain away from them didnt he? :D
  4. Ricter