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Mitt Romney Saves the Auto Industry



Mitt Romney continues to take credit for things that he had absolutely nothing to do with. Not long after his advisor Eric Ferhnstrom said that the auto bailout was Romney’s idea, Romney himself is now saying the exact same thing.
During an interview on WEWS-TV in Cleveland on Monday, Romney said
that the auto industry bailout that he has been slamming as a horrible
idea these past four years is something he deserves credit for.
⁠”My own view, by the way, was that the auto companies
needed to go through bankruptcy before government help. And frankly,
that’s finally what the president did. He finally took them through
bankruptcy. That was the right course I argued for from the very
beginning. It was the UAW and the president that delayed the idea of
bankruptcy. I pushed the idea of a managed bankruptcy 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.”

Throughout the last four years and throughout the Republican
Presidential primary debates, Romney has been highly critical of the
auto bailout and has been especially critical of how President Obama has
handled it.
After President Obama won the 2008 Election, Romney wrote an op-ed in
the New York Times in which he called for letting Detroit go bankrupt
and that if government money was used to help the industry we “can kiss
the American automotive industry goodbye.” This call by Romney has drawn
fire from industry experts, economists, and even fellow Republicans
because such a plan would have deepened the Great Recession into
something more like a Great Depression. The American auto industry would
have disappeared along with the millions of jobs connected to it.
In February of this year, even as the American auto industry was back to being number one in the world, Romney wrote yet another op-ed attacking the bailout and President Obama’s handling of it.


Now that the American auto industry is now a complete and utter
success because of the bailout, Mitt Romney says he should get the
credit for saving it. The guy who would have let the American auto
industry die is now claiming that saving it was all his doing. It’s a
complete flip flop from what Romney has been saying these last four
years. You can bet that had the bailout failed, Romney would certainly
not be taking credit, but he wants to jump on the victory train and
claim credit now that it’s a success that makes his earlier criticism
and opposition look foolish. Had we listened to Mitt Romney’s advice to
hope for the private sector to save the auto industry, the economy would
be a disaster today. We wouldn’t have the 26 consecutive months of job
growth and we’d be talking about an unemployment rate well over 10%. The
manufacturing sector would be extinct on American soil. That was Mitt
Romney’s plan that he called for in his 2008 op-ed. Mitt Romney is
trying to paint himself as some kind of economic genius who can
magically make the economy better. But he’s not the economic guru he
would have us all believe. One thing Mitt Romney is good at is
destroying companies. When Mitt Romney founded Bain Capital, he created a
company designed to fire people, ship jobs overseas, and close down
whole companies. He gutted businesses, sold them at huge profits, and
laughed all the way to the bank while the businesses died. Romney’s
economic model is vulture capitalism and perhaps nobody has hammered
Mitt Romney for his economic model than Newt Gingrich in a SuperPAC ad detailing Romney’s destructive business plan.
The fact that under a President Romney the American auto industry
would have been allowed to die off should disgust every American who
cares about jobs and the economy. Mitt Romney wants us all to believe
that he saved the industry when it was in fact Romney who called for
letting it fail. This is a man who hasn’t even been in a government
position since 2006. He had no part of the decision to save the
industry. The fact is, President Obama signed a majority of the auto
bailout loans and is the one who masterfully guided the American auto
industry into a position of strength and viability. And he did all of
this while Mitt Romney was busy whining about it.


http://www.addictinginfo.org/2012/05/08/mitt-romney-says-hell-take-credit-for-saving-the-auto-industry-video/

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Added: May-8-2012 Occurred On: May-8-2010
By: mixer
In:
Politics
Tags: mitt romney, bailout, auto industry, jobs, bain capital, 2012 election, flip flop, douchebag
Location: Columbus, Ohio, United States (load item map)
Views: 3155 | Comments: 30 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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  • He is now taking credit for something he strongly opposed. Boy, this dude is so greasy, I'm surprised his clothes don't slide off is back when he sneezes!

    Posted May-8-2012 By 

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  • mitt romney is a true scumbag, its amazing how these fox news/700 club type guys on LL see him as their champion

    Posted May-8-2012 By 

    (3) | Report

  • What a fucking lying tool.
    And this is the best they have..............

    Posted May-8-2012 By 

    (3) | Report

  • Romney is a shill - a decoy who acts as an enthusiastic backer of ideas in order to draw others in - to delude, to deceive. The question is not: what are Romney's ideas? The real question is: who tells Romney what to say?

    Posted May-8-2012 By 

    (2) | Report

  • Congrats, Mitt. GM blows 25+ billion in bailout money just to restructure itself so that it can declare bankruptcy. Money well spent. Enjoy the New Detroit that you're taking credit for.

    Here the US heads into another battle of the losers.

    Posted May-8-2012 By 

    (1) | Report

  • Are you Mittening me!!!!????

    Now he is going to take credit for saving something he wanted to fail???

    What law did he propose? What did he do? Name anything this worm did for the auto industry? Except for making millions by trashing American companies and sending the jobs overseas for Bain & Capital, he's a useless liar!

    Posted May-8-2012 By 

    (1) | Report

  • lol now i just think hes a crazy, he actually think his lies will make you win, wow.....this dude is nuts, look at him, he doesnt even care what he says

    Posted May-8-2012 By 

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  • His father, (George W. Romney, CEO of AMC 1954 to 62) must be rolling over in his grave.

    Posted May-8-2012 By 

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  • All you have to do is tell the right lie and a Republican will vote for you.

    Posted May-8-2012 By 

    (1) | Report

  • What? A politician claiming victory for an idea or process he had nothing to do with? Al Gore would be ashamed of such behavior.

    Posted May-8-2012 By 

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  • More evidence that establishment politicans on both sides of the isle are two sides of the same coin. No bank, corporation, or union should ever expect a taxpayer bailout. That is not how free markets work.

    Posted May-8-2012 By 

    (0) | Report

  • He's full of crap.

    Posted May-8-2012 By 

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  • "One thing Mitt Romney is good at is destroying companies. When Mitt Romney founded Bain Capital, he created a company designed to fire people, ship jobs overseas, and close down whole companies. "

    Yup. Most Republicans think that this is a good thing, when it only benefits the bottom line (profit).

    Posted May-9-2012 By 

    (0) | Report

  • Come on people. There IS another option. No Obama Bullshit, No Romney flip flop... There is Ron Paul who is and has always been for the people.


    Vote for the people


    Vote Ron Paul

    Posted May-11-2012 By 

    (0) | Report

  • Hmmm. Kinda sounds like obunga taking credit for killing Bin laden.

    Posted May-8-2012 By 

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    • @elmerfudd13

      Yeah, we all know Mitt and Bush did it right? They gave the order. They pulled the trigger.

      Posted May-8-2012 By 

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    • @elmerfudd13 No, actually it doesn't sound anything like that.
      Obama was president and commander in chief when bin laden was killed and gave the order directly knowing it might fail and cost him the election.
      Mittens is a lying sack of shit taking credit for something he vehemently opposed.
      Do you see the difference or should I type more s-l-o-w-l-y???????????

      Posted May-8-2012 By 

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    • @Tongueboy Ohhh. so that memo he had ready to BLAME someone else if the operation failed. that was nothing. And you lord obungles is a bigger lying sack of shit then Mitt.The credit for killing that camel jockey osama is the SEALS. Not that joke of a president. Should i type that more s-l-o-w-ly????????????

      Posted May-8-2012 By 

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    • @elmerfudd13 Christ you are a fucking idiot.
      The SEALS could not have done one fucking thing without his approval.
      Yes, they killed him and deserve the credit for pulling the trigger but they could not have done it without his go ahead.
      You think we have random fucking SEAL teams running around deciding what operations to get involved with???????
      Your brain must hurt from being so fucking ignorant but I'm guessing you are too fucking stupid to feel a thing.

      Posted May-9-2012 By 

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    • @elmerfudd13

      do you think the President could just blame someone else like that!? for that Desert One debacle in 1980, who f*cked up? Who got the blame?

      if americans had failed and died in that raid, the President would own up to it; he's not a mitt romney kind of guy and you know exactly what i mean.

      Posted May-9-2012 By 

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  • The first line here: "Mitt Romney continues to take credit for things that he had absolutely nothing to do with"

    Swap "Mitt Romney" with "barack obama" and add ", and ignoring his repeated failures of policy of a presidency that's going down in the books as one of the worst in the history of the United States."

    rewrite this article from there and shorten by getting right to the point.... Makes more sense and would be much easier to read.

    Romney obviousl More..

    Posted May-8-2012 By 

    (-4) | Report