MITT ROMNEY: “I’ll take a lot of credit” for auto industry recovery — Romney said 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.” […] Romney’s stance on the bailouts and his infamous 2008 New York Times op-ed “Let Detroit Go Bankrupt,” have come up throughout the campaign, especially ahead of February’s primary in Michigan. In that editorial, Romney argued that a government bailout for ailing auto giants Chrysler and General Motors would do more harm than good. […] Romney also spoke out on his opposition to the government loaning money to the industry in 2009, placing some of the blame on Bush. —HuffPo [image: drunkonstevphen]
- John Kerry laughed: “I just – he cannot be serious.”
- Former auto czar Steve Rattner reacts to Mitt Romney taking credit for the auto bailout: “I’ve read, I think, everything Romney’s had to say on this subject, and the level of flip flopping and dissembling is truly mindboggling. He’s been on every side of the auto rescue at different times and said different things, so it’s hard to know what he honestly thinks.”
- Another point – Before we even got to the managed bankruptcy in 2009 that Romney says he called for all along, there were a series of emergency loans in late 2008 to the carmakers from the federal government that Romney opposed. […] If Romney’s position had prevailed, there would have been no emergency loans and no auto industry left to put through a managed bankruptcy.
- Image: “This is outside Romney’s Lansing event,” Reuters correspondent Sam Youngman tweets. – reuters