What Mitt Romney gets wrong about the Detroit automakers’ bailouts

Republican presidential hopeful Mitt Romney renewed his opposition to the Obama administration's bailout of General Motors and Chrysler today in several Michigan newspapers, contending President Obama's rescue made the companies worse...Romney's take just doesn't square with the facts, here's why:

Romney's a Michigan native; his father George Romney was a well-liked governor and head of American Motors. Yet Romney is neck-and-neck with rival Rick Santorum in polls ahead of Michigan's Feb. 28 primary in no small part because of his opposition in November 2008 to the bailouts that saved GM, Chrysler and thousands of Michigan jobs.


"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."


In fact, the bailout began with President George W. Bush, who was forced to lend GM and Chrysler $17.4 billion in December 2008 after Senate Republicans blocked a rescue plan in Congress. Bush told reporters just last week that he was warned by Federal Reserve Chairman Ben Bernanke and Treasury Secretary Hank Paulson that if he didn't act to shore up GM and Chrysler, up to 1 million jobs could vanish. Knowing what we know now, says Bush, "I'd do it again."

Try to get you facts right stupid. Originally Posted by BigLouie

Facts? Really?!? A republican and facts have never been in the same sentence what are you talking about?!? Lie, cry, cheat, steal, start wars and lie some more. They're all cowards and pigs.

Please source your cut and paste articles. Thank you. Originally Posted by CuteOldGuy

What a fuckin' bullshit response. Why don't grow a pair and make your case and quite crying

Obama did not "save" GM

he paid off the unions
and he fucked the bond holders

GM is still destined to fail...
an international conglomerate being run by unions ;>))).....
as Wally used to say,"Sure,Eddie" (as in Eddie Haskell)

and speaking of clown cars,what is the re-VOLT-ing POS,
if not a clown car

BTW---when American Motors failed,it was liquidated and sold.
Nobody called in the dumbo-eared village idiot to fuck the investors.

"One of the things the government can't do is run anything. The only things our government runs are the post office and the railroads, and both of them are bankrupt."
Lee Iacocca

Originally Posted by RichardGozenya

As usual, full of shit and no facts.

What a fuckin' bullshit response. Why don't grow a pair and make your case and quite crying Originally Posted by 1NEMESIS

Now you've hurt my feelings!

Now you've hurt my feelings! Originally Posted by CuteOldGuy

LOL! You got me on that one…I'm sorry man I'm just pissed….

Don't get pissed. This board isn't worth that. We're here for fun, maybe make a few points, but it's not that serious. No one cares what any of us have to say, anyway. Life's too short to get pissed about something said on a SHMB.

Don't get pissed. This board isn't worth that. We're here for fun, maybe make a few points, but it's not that serious. No one cares what any of us have to say, anyway. Life's too short to get pissed about something said on a SHMB. Originally Posted by CuteOldGuy

That's good advice COG, I appreciate you for that...

Damn guys get a room