IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed.
Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course — the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses. Detroit needs a turnaround, not a check.
– Mitt Romney editorializing in the New York Times
It seems that Detroit DID turn around with a check. Perhaps it is a good thing that we didn’t listen to him then.
- FLIP FLOP ALERT: Mitt Romney Is Taking Credit For The Auto Bailout (businessinsider.com)
- Romney taking credit for auto industry success (news.yahoo.com)
- Romney takes credit for bailout (toledoblade.com)
- How Romney Got the Bailout Wrong (bigthink.com)
- Romney Claims To Still Have ‘The Same Position On The Auto Bailout’ He Had ‘In The Very Beginning’ (thinkprogress.org)
- Mitt Romney wants a round of applause for saving the auto industry (dailykos.com)
- Romney: ‘I’ll take a lot of credit’ for auto industry success (politicalticker.blogs.cnn.com)