Quote:
Originally Posted by Rochard
Keep in mind also that Romney was against bailing out the auto industry.... Brilliant.
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Romney called for a structured bankruptcy for them. Which is what ended up happening anyway.
Doesn't mean a company goes out of business. It just means that exactly what happened anyway would have happened MINUS the huge amounts of govt. money.
Also, last night I was watching CNN's after debate coverage.
Anderson Cooper was doing the "fact checking".
We've heard from the Obama campaign over and over that Romney said: "Let Detroit Go Bankrupt".
I always thought that was a pretty shitty way for him to say it...insensitive to people who might lose their jobs.
Well, it turns out that Romney NEVER said those words!
He wrote an Op-Ed piece for the New York Times:
http://www.nytimes.com/2008/11/19/op...mney.html?_r=0
If you read the actual article he talks about the car companies having to restructure (which is what Obama forced them to do anyway).
He talks about the govt. needing to invest in research for new energy, fuel economy, etc..
The actual TITLE of the Op Ed is: "LET DETROIT GO BANKRUPT"
But it turns out that is the title that was given to the piece by the editor of the New York Times. NOT Mitt Romney!
But the way the media reported it led me (and millions of other people) to believe that Mitt Romney had said that!
EDIT: Also notice that he wrote that on Nov. 18, 2008 while BUSH was still president and before Obama took office and did what he did. So Romney wasn't aiming at Obama, but at the entire idea of the Federal govt. declaring some companies too big to "fail". Of course...if GM had went through a restructuring when he was writing that piece instead of waiting several more months to do it AND spending tons of govt. money...it would have saved taxpayers a lot of money and kept the Feds out of Detroits affairs.
Remember..."Bankrupt" doesn't mean what we might think it means. When I hear the word "bankrupt" I think "shut down". But in legal terms it just means a way to restructure, get creditors off your back, and stay in business. Which is exactly what they did in the end.