Keep going, Mitt. You’re doing great!
Romney condemns auto-industry rescue
In a new Detroit News op-ed, the former Massachusetts governor says he’s glad the industry still exists, but proceeds to complain anyway about the way in which Obama rescued GM and Chrysler from an imminent collapse.
Three years ago, in the midst of an economic crisis, a newly elected President Barack Obama stepped in with a bailout for the auto industry. The indisputable good news is that Chrysler and General Motors are still in business. The equally indisputable bad news is that all the defects in President Obama’s management of the American economy are evident in what he did.
Instead of doing the right thing and standing up to union bosses, Obama rewarded them…. By the spring of 2009, instead of the free market doing what it does best, we got a major taste of crony capitalism, Obama-style.
It takes a fair amount of chutzpah to face a crisis, get it wrong, then whine about the way in which the other guy got it right.
This is a subject Romney would be better off ignoring. After all, in 2009, he famously urged policymakers to “let Detroit go bankrupt.” Romney was so certain Obama’s policy would fail, he said Americans could “kiss the American automotive industry goodbye” if Obama’s policy moved forward in 2009. Indeed, at the time, Romney called the administration’s plan “tragic” and “a very sad circumstance for this country.” He wrote an April 2009 piece in which he said Obama’s plan “would make GM the living dead.”