[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Joe Rogan Experience #2138 - Tucker Carlson

Police Dispersing Student Protesters at USC - Breaking News Coverage (College Protests)

What Passover Means For The New Testament Believer

Are We Closer Than Ever To The Next Pandemic?

War in Ukraine Turns on Russia

what happened during total solar eclipse

Israel Attacks Iran, Report Says - LIVE Breaking News Coverage

Earth is Scorched with Heat

Antiwar Activists Chant ‘Death to America’ at Event Featuring Chicago Alderman

Vibe Shift

A stream that makes the pleasant Rain sound.

Older Men - Keep One Foot In The Dark Ages

When You Really Want to Meet the Diversity Requirements

CERN to test world's most powerful particle accelerator during April's solar eclipse

Utopian Visionaries Who Won’t Leave People Alone

No - no - no Ain'T going To get away with iT

Pete Buttplug's Butt Plugger Trying to Turn Kids into Faggots

Mark Levin: I'm sick and tired of these attacks

Questioning the Big Bang

James Webb Data Contradicts the Big Bang

Pssst! Don't tell the creationists, but scientists don't have a clue how life began

A fine romance: how humans and chimps just couldn't let go

Early humans had sex with chimps

O’Keefe dons bulletproof vest to extract undercover journalist from NGO camp.

Biblical Contradictions (Alleged)

Catholic Church Praising Lucifer

Raising the Knife

One Of The HARDEST Videos I Had To Make..

Houthi rebels' attack severely damages a Belize-flagged ship in key strait leading to the Red Sea (British Ship)

Chinese Illegal Alien. I'm here for the moneuy

Red Tides Plague Gulf Beaches

Tucker Carlson calls out Nikki Haley, Ben Shapiro, and every other person calling for war:

{Are there 7 Deadly Sins?} I’ve heard people refer to the “7 Deadly Sins,” but I haven’t been able to find that sort of list in Scripture.

Abomination of Desolation | THEORY, BIBLE STUDY

Bible Help

Libertysflame Database Updated

Crush EVERYONE with the Alien Gambit!

Vladimir Putin tells Tucker Carlson US should stop arming Ukraine to end war

Putin hints Moscow and Washington in back-channel talks in revealing Tucker Carlson interview

Trump accuses Fulton County DA Fani Willis of lying in court response to Roman's motion

Mandatory anti-white racism at Disney.

Iceland Volcano Erupts For Third Time In 2 Months, State Of Emergency Declared

Tucker Carlson Interview with Vladamir Putin

How will Ar Mageddon / WW III End?

What on EARTH is going on in Acts 16:11? New Discovery!

2023 Hottest in over 120 Million Years

2024 and beyond in prophecy

Questions

This Speech Just Broke the Internet

This AMAZING Math Formula Will Teach You About God!


Status: Not Logged In; Sign In

Humor
See other Humor Articles

Title: Romney: ‘I’ll Take A Lot Of Credit’ For Saving The Auto Industry
Source: RAWSTORY
URL Source: http://www.rawstory.com/rs/2012/05/ ... -for-saving-the-auto-industry/
Published: May 8, 2012
Author: DAVID EDWARDS
Post Date: 2012-05-08 11:28:31 by Brian S
Keywords: None
Views: 282

Presumptive Republican presidential nominee Mitt Romney on Monday gave himself kudos for the U.S. auto industry’s recovery because he had called to let car companies go bankrupt.

“I pushed the idea of a managed bankruptcy,” the candidate told Cleveland’s WEWS-TV. “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,” he added.

In a 2008 New York Times op-ed titled “Let Detroit Go Bankrupt,” Romney warned that if a bailout was provided to the auto industry then “its demise will be virtually guaranteed.”

But according to Arthur J. Gonzalez, a former federal judge in U.S. bankruptcy court, G.M. and Chrysler only survived because they went into a managed bankruptcy strengthened by the government bailouts that were approved by Presidents George W. Bush and Barack Obama.

“One thing is clear, without government support in one fashion or another, there were no sources of funding,” Gonzalez told ABC News earlier this year.

Obama campaign co-chair Ted Strickland on Monday responded by claiming that Romney was trying to “fool” voters with “dishonesty.”

“Mitt Romney may think he can fool the American people by hiding his belief that we should ‘let Detroit go bankrupt,’ but the American people won’t let him,” Strickland said. “His comments today that he will ‘take a lot of credit that the [auto] industry has come back’ are a new low in dishonesty, even for him. Mitt Romney seems to think Americans will just forget the past and his very vocal and clear opposition to the successful auto rescue.”

GM posted record profits last year and taxpayers have recovered nearly half of the $50 billion bailout. Chrysler in 2011 posted its first profit since 2005 and has paid back $11.2 billion of the $12.5 billion government loan. The Treasury Department has said that it doesn’t expect to recover the remaining $1.3 billion. Subscribe to *TeaParty Economics on Parade*

Post Comment   Private Reply   Ignore Thread  


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com