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View Diary: Mitt Romney wants a round of applause for saving the auto industry (174 comments)

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  •  I think what he wants is a debate about how much (7+ / 0-)

    of credit he can take...if that is the debate he wins ..but if Obama just attacks him for let Detroit go bankrupt than he has to claim that..that is not what he meant and in politics if you are explaining you are losing.

    /If a man does not keep pace with his companions, perhaps it is because he hears a different drummer/. Thoreau

    by hron on Tue May 08, 2012 at 06:32:40 AM PDT

    [ Parent ]

    •  Even that line of attack (2+ / 0-)
      Recommended by:
      OleHippieChick, cocinero

      isn't simple, because GM did in fact go bankrupt.  Certainly not in the way Rmoney meant it; but the distinction is not as simple to understand for many.  I'm not really sure of the best way to come at this, but the Obama campaign needs to hammer on the emotional without needing to explain bankruptcy laws.

      You can't spell CRAZY without R-AZ.

      by rb608 on Tue May 08, 2012 at 07:25:19 AM PDT

      [ Parent ]

      •  It's not that difficult (1+ / 0-)
        Recommended by:

        Romney opposed govt assistance, claiming that private capital, in a usual managed bankruptcy, was sufficient--indeed, that if the govt assisted, then Detroit was doomed.

        Without govt assistance, Detroit would have failed.  There was no private capital.  Interim loans were essential to keep it afloat so it could be reorganized.  And the govt backed the car warranties, without which no new cars could have been sold.

        Romney straight up opposed the govt assistance that saved Detroit.  And now has the nerve to claim that he gets credit, because a "managed bankruptcy"--with govt assistance, not private capital, the kind Romney demanded--because a managed bankruptcy of a sort Romney opposed was part of the eventual reorganization of the industry.

        It's as maddening as faulting Obama for 8% unemployment, when it was his party's policies that crashed the economy, and his own announced economic policy would have made--and will make--things far worse.

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