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Tue May 8, 2012, 01:06 AM

Mitt Romney: 'I'll Take A Lot Of Credit' For Auto Industry Recovery

Source: Huffington Post

Despite his 2008 call to "let Detroit go bankrupt," presumptive Republican presidential nominee Mitt Romney said Monday that he would "take a lot of credit" for his impact on the U.S. automobile industry's comeback.

During an interview with WEWS-TV in Cleveland following a campaign stop, Romney said his views helped save the industry.

"I pushed the idea of a managed bankruptcy," Romney said. "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."

Both General Motors and Chrysler ended up taking the massive federal loans supported by both President Barack Obama and former President George W. Bush. The bailout included managed bankruptcy filings for both companies. According to the federal judge who presided over Chrysler's bankruptcy in 2009, the company would not have survived without the bailout. Ford survived without taking a government loan.

Read more: http://www.huffingtonpost.com/2012/05/08/mitt-romney-auto-industry_n_1498520.html?ref=politics

63 replies, 8066 views

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Arrow 63 replies Author Time Post
Reply Mitt Romney: 'I'll Take A Lot Of Credit' For Auto Industry Recovery (Original post)
Galraedia May 2012 OP
Confusious May 2012 #1
HeiressofBickworth May 2012 #2
Crow73 May 2012 #43
adigal May 2012 #59
high density May 2012 #3
DRoseDARs May 2012 #11
panopeagenerosa May 2012 #4
cali May 2012 #39
mazzarro May 2012 #5
NYC Liberal May 2012 #6
Grassy Knoll May 2012 #7
66 dmhlt May 2012 #48
LASlibinSC May 2012 #8
Monk06 May 2012 #9
DCBob May 2012 #10
Jamaal510 May 2012 #12
edcantor May 2012 #40
goclark May 2012 #50
bluesbassman May 2012 #13
Beartracks May 2012 #14
JoePhilly May 2012 #31
Granny M May 2012 #30
lisby May 2012 #46
Major Hogwash May 2012 #15
freshwest May 2012 #16
rucky May 2012 #17
obxhead May 2012 #19
kiranon May 2012 #55
Bolo Boffin May 2012 #18
Tabasco_Dave May 2012 #20
deacon May 2012 #25
stopbush May 2012 #21
eyewall May 2012 #22
liberal N proud May 2012 #23
lisby May 2012 #47
deacon May 2012 #24
Gman May 2012 #26
LynneSin May 2012 #27
goclark May 2012 #51
Ganja Ninja May 2012 #28
global1 May 2012 #33
Granny M May 2012 #29
JoePhilly May 2012 #32
BadgerKid May 2012 #34
erpowers May 2012 #35
renate May 2012 #57
Roland99 May 2012 #36
bupkus May 2012 #37
Thor_MN May 2012 #38
DallasNE May 2012 #41
Javaman May 2012 #42
Ian David May 2012 #44
IvanTheRed1233 May 2012 #45
Liberalynn May 2012 #49
sakabatou May 2012 #52
Nancy Waterman May 2012 #53
Odin2005 May 2012 #54
marble falls May 2012 #56
GeorgeGist May 2012 #58
SpankMe May 2012 #60
Liberal_Stalwart71 May 2012 #61
Yo_Mama_Been_Loggin May 2012 #62
krhines May 2012 #63

Response to Galraedia (Original post)

Tue May 8, 2012, 01:11 AM

1. No shame whatsoever. nt

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Response to Confusious (Reply #1)

Tue May 8, 2012, 01:18 AM

2. LIAR! LIAR! LIAR!

Not only did he say Let Detroit go Bankrupt, he spent time and energy explaining his position in detail. He was totally and completely AGAINST loans to the auto industry.

Now that it has been proven that his position was in total error, he seeks to STEAL the results as his own. But, I'll bet dollars to doughnut holes that he would not have shared the blame if it had gone wrong.

He is a soul-less liar who will take any position he thinks will gain him positive advertising, whether he deserves it or not.

Pardon me while I go barf up my dinner...... he makes me sick.

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Response to HeiressofBickworth (Reply #2)

Tue May 8, 2012, 09:15 AM

43. Waffle House?

 

I had no idea that Mitt was the founder.......

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Response to Confusious (Reply #1)

Tue May 8, 2012, 02:52 PM

59. And idiots over on Yahoo are spouting this

God, what have the people of this nation come to?? The stupidity is truly frightening.

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Response to Galraedia (Original post)

Tue May 8, 2012, 01:19 AM

3. Romney was also a member of SEAL Team Six and shot bin Laden in the head

This guy is just amazing.

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Response to high density (Reply #3)

Tue May 8, 2012, 01:58 AM

11. Romney was one of the original Wolverines that fought back the Soviets as they pushed into Montana.

Come on, DU, make this meme blossom...

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Response to Galraedia (Original post)

Tue May 8, 2012, 01:21 AM

4. typical of his class

 

looking for a way to get paid for work he didn't do. One of Ayn Rand's 'moochers'.

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Response to panopeagenerosa (Reply #4)

Tue May 8, 2012, 08:57 AM

39. actually it's more typical of a psychopath.

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Response to Galraedia (Original post)

Tue May 8, 2012, 01:21 AM

5. This guy is so brazen about his past!

This is undoubtedly a lie of the biggest proportion. And he is not ashamed of it at all!!!!!!!!!!!!!!!!!!!!!!!

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Response to Galraedia (Original post)

Tue May 8, 2012, 01:23 AM

6. He is a god damn liar.

Does he not realize we have this thing called the Internet? And YouTube? And Google? That it takes all of 10 seconds to prove his lies wrong?

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Response to Galraedia (Original post)

Tue May 8, 2012, 01:40 AM

7. Winning, DUH....



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Response to Grassy Knoll (Reply #7)

Tue May 8, 2012, 10:08 AM

48. And here's the actual NY Times Op-Ed Headline ...

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Response to Galraedia (Original post)

Tue May 8, 2012, 01:48 AM

8. The audacity of this man!

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Response to Galraedia (Original post)

Tue May 8, 2012, 01:54 AM

9. Managed bankruptsy is a euphemism for asset stripping, corporate raiding. Skim assets and go chap 7


The guy is a fucking idiot if he thinks people don't know how he became a billionaire.

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Response to Galraedia (Original post)

Tue May 8, 2012, 01:58 AM

10. Most of the GOP including Romney vehemently argued against a Federal bailout.

They argued it would be waste of billions of taxpayer money since it wouldnt work anyway. The derided the President for his decision to do it calling GM "Government Motors" and "Obama Motors". Its pathetic these assholes now want to take credit for the Presidents gutsy decision.

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Response to Galraedia (Original post)

Tue May 8, 2012, 02:16 AM

12. Is it wrong if I'm starting to loathe this guy more and more?

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Response to Jamaal510 (Reply #12)

Tue May 8, 2012, 09:01 AM

40. No, that's probably a sign of health on your part.

 

When there is a serial killer or a child rapist on the loose, one loathes those people just as much until they are caught and brought to justice.

Romney is a serial corporate rapist.

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Response to Jamaal510 (Reply #12)

Tue May 8, 2012, 10:52 AM

50. You have a LOT of Company


I have seen many candidates come and go ~ I'd put GW over this evil man.

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Response to Galraedia (Original post)

Tue May 8, 2012, 02:19 AM

13. Mitt Rmoney: "I was there when Jesus Christ had his moment of doubt and pain".

He elaborated, stating that: "I made damn sure the Pilate washed hands and sealed his fate".


There isn't a damn thing he won't say to pander for votes. What a sleaze.

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Response to bluesbassman (Reply #13)

Tue May 8, 2012, 02:37 AM

14. LOL, there's gotta be a Twitter hashtag in there somewhere.

Some banner under which people can mock Romney's outrageous capabilities to lie and say anything.

===================

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Response to Beartracks (Reply #14)

Tue May 8, 2012, 07:47 AM

31. They need a tumbler called LiesMittTells

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Response to bluesbassman (Reply #13)

Tue May 8, 2012, 07:42 AM

30. I have no sympathy for this devil. nt

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Response to bluesbassman (Reply #13)

Tue May 8, 2012, 10:00 AM

46. Pleased to meet You

Won't you guess my name?

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Response to Galraedia (Original post)

Tue May 8, 2012, 02:38 AM

15. You were unemployed Mitt, so eat shit!

And the fact that you wrote an article saying those companies could go bankrupt, would have put 6 MILLION more people out of work within months!!

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Response to Galraedia (Original post)

Tue May 8, 2012, 02:41 AM

16. I wonder if the voters of MI will notice him slithering by on election day...

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Response to Galraedia (Original post)

Tue May 8, 2012, 03:25 AM

17. This guy is pathological.

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Response to rucky (Reply #17)

Tue May 8, 2012, 04:00 AM

19. No, he's a politician....

Remember, Obama is a sochulist, muslim, kenyan!.. And that's the trooof!

While Romney tells lies....

It's the M$M that makes them "true."

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Response to obxhead (Reply #19)

Tue May 8, 2012, 12:50 PM

55. Romney has no inner core. He is what is.

He won't let the past define him. He is the worst kind of opportunist - one with no boundaries.

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Response to Galraedia (Original post)

Tue May 8, 2012, 03:55 AM

18. Mitt Romney was born a poor black child. n/t

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Response to Galraedia (Original post)

Tue May 8, 2012, 04:26 AM

20. Mitt Romney invented the Polio vaccine

he also drafted the Declaration Of Independence. He also has the power to levitate.

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Response to Tabasco_Dave (Reply #20)

Tue May 8, 2012, 07:02 AM

25. Just replace mitt's name in all chuck norris jokes and we have a slew of them. n/t

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Response to Galraedia (Original post)

Tue May 8, 2012, 04:27 AM

21. He really thinks voters are stupid.

And why not? He's watched as voters have voted against their own self interest by electing Rs for decades. Apparently, people will believe anything you say as long as you're an R, so why not make the lies a brazen as needs must to fit the situation?

By Wednesday, this will have become a meme in the RWNM, another example of a Rovian attack against a candidate's strength. In this case, Obama's strength in bailing out the auto industry with taxpayer-funded loans. The Rove strategy is to sow confusion into the minds of the voters so a false equivalency is reached between Obama and Romney, thereby neutralizing a talking point for Obama.

"Obama saved the auto industry? But didn't Romney have a big part in that too?"

You'll know the technique has worked once again when some Dem pol or pundit opines that, "technically, Romney is correct." That's the sign that the Big Lie has taken hold and that Obama has been swift boated on Detroit.

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Response to stopbush (Reply #21)

Tue May 8, 2012, 05:44 AM

22. you're correct, that's how it works.

I can't express how bad this process makes me feel. It reeks of pure evil.

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Response to Galraedia (Original post)

Tue May 8, 2012, 06:34 AM

23. How low can they go?



Talk about spinning and flipping. This fucker is flipping off his rocker. He should be laughed off the political stage!

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Response to liberal N proud (Reply #23)

Tue May 8, 2012, 10:01 AM

47. And it's only May...

Just imagine how this is going to ramp up by October.

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Response to Galraedia (Original post)

Tue May 8, 2012, 06:59 AM

24. 'I'll Take A Lot Of Credit' No. No you won't. You get none. Grow up. n/t

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Response to Galraedia (Original post)

Tue May 8, 2012, 07:26 AM

26. Even worse, like he's the only one that had that idea

Managed bankruptcy was the only logical route. It's a very common strategy for distressed businesses.

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Response to Galraedia (Original post)

Tue May 8, 2012, 07:26 AM

27. Seriously, does this douchebag not know about crazy things called video tape and youtube

This ought to be a serious campaign commericial

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Response to LynneSin (Reply #27)

Tue May 8, 2012, 11:10 AM

51. Exactly

I can see it now:

TALES BY MITT ROMNEY


MITT LIED

"I got the Auto Industry up and running again"


OBAMA LEAD

Got the Auto Industry Back On It's FEET

( Flash a sentence/ photo showing the truth)

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Response to Galraedia (Original post)

Tue May 8, 2012, 07:28 AM

28. Yes! Just as Al Gore invented the internet ...

Mitt Romney invented bankruptcy.

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Response to Ganja Ninja (Reply #28)

Tue May 8, 2012, 08:21 AM

33. Hell - I Heard Mitt Rmoney Invented Al Gore......nt

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Response to Galraedia (Original post)

Tue May 8, 2012, 07:40 AM

29. The guy has some cheek.

I wonder if he even realizes he's lying almost constantly. Good chance he has a psychiatric condition of some sort.

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Response to Galraedia (Original post)

Tue May 8, 2012, 07:49 AM

32. Mitt Romney: "I wrote the US Constitution for Pet's sake."

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Response to Galraedia (Original post)

Tue May 8, 2012, 08:22 AM

34. There is no capitalism, only companies that RM has allowed to live.

Adapted from "There is no theory of evolution. Just a list of creatures Chuck Norris has allowed to live."

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Response to Galraedia (Original post)

Tue May 8, 2012, 08:34 AM

35. Obama Cannot Take Credit For the Osama Raid, but Romney Can take Credit For the Auto Bailout?

So, President Obama, the guy who gave the order to launch the assault on Osama Bin Laden's compound, cannot take credit for the results of that event, but Mitt Romney, the guy who said General Motors and Chrysler should not be bailed out, should take credit for the current success of the auto industry. That is just ridiculous. Words cannot describe the ridiculousness of what Romney is saying and what he will attempt to do.

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Response to erpowers (Reply #35)

Tue May 8, 2012, 12:54 PM

57. +10000000000000

I'm seeing all kinds of great talking points on this thread, but this one hits the nail on the head.

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Response to Galraedia (Original post)

Tue May 8, 2012, 08:37 AM

36. Well, he invented the wheel so it only goes to follow....

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Response to Galraedia (Original post)

Tue May 8, 2012, 08:42 AM

37. Mitt Romney: "Let Detroit Go Bankrupt"

 



How the hell does this empty suit expect anyone to believe this bullshit?

Oh, that's right. There are always FAUX viewers and right wing talk radio listeners.

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Response to Galraedia (Original post)

Tue May 8, 2012, 08:49 AM

38. He has the power to be invisible, when no one is looking at him.

He can meet with poor people in complete secrecy. His mere presence "flashy thing"s them so that they don't remember.

He has the power to determine the right height of trees.

He knows where cookies come from.

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Response to Galraedia (Original post)

Tue May 8, 2012, 09:04 AM

41. Romney's Character Is On Display Here

And it shows a man that would roll back the miles on a used car before selling it to an unsuspecting customer -- or any other shady or underhanded trick that he could think of. Can you imagine putting the full faith and credit of the United States in the hands of such a dishonest, immoral and corrupt person? The thought just makes your head spin.

It is not just that Romney has been so wrong on the issues in the past but that this man has no soul. He would be the second coming of Richard M. Nixon only worse. I despise the man even more than the policies he pushes -- he is that revolting and disgusting.

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Response to Galraedia (Original post)

Tue May 8, 2012, 09:06 AM

42. Mitt takes credit for earth revolving around the sun. nt

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Response to Galraedia (Original post)

Tue May 8, 2012, 09:22 AM

44. "Let Detroit Go Bankrupt, " By Mitt Romney

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.

<snip>

First, their huge disadvantage in costs relative to foreign brands must be eliminated. That means new labor agreements to align pay and benefits to match those of workers at competitors like BMW, Honda, Nissan and Toyota. Furthermore, retiree benefits must be reduced so that the total burden per auto for domestic makers is not higher than that of foreign producers.

<snip>

The new management must work with labor leaders to see that the enmity between labor and management comes to an end. This division is a holdover from the early years of the last century, when unions brought workers job security and better wages and benefits. But as Walter Reuther, the former head of the United Automobile Workers, said to my father, “Getting more and more pay for less and less work is a dead-end street.”

More:
http://www.nytimes.com/2008/11/19/opinion/19romney.html?_r=1

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Response to Galraedia (Original post)

Tue May 8, 2012, 09:23 AM

45. Well Typical of Republicans

Have we not learned from Bush?
Romney is arrogant and his campaign needs desperate help if he is going to be a hypocrite like this.
4 MORE YEARS OBAMA 2012

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Response to Galraedia (Original post)

Tue May 8, 2012, 10:48 AM

49. He is so full of crap!

Why can't more people see him for the lying piece of scum he is?

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Response to Galraedia (Original post)

Tue May 8, 2012, 11:12 AM

52. Now in meme form...

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Response to Galraedia (Original post)

Tue May 8, 2012, 11:31 AM

53. Just proves what a shameless liar he is

His character needs to be the big issue. This guy not only flipflops, he is a pathological liar.

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Response to Galraedia (Original post)

Tue May 8, 2012, 12:06 PM

54. Sociopath.

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Response to Galraedia (Original post)

Tue May 8, 2012, 12:52 PM

56. Romney is just "swift truthing".

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Response to Galraedia (Original post)

Tue May 8, 2012, 02:31 PM

58. Managed bankruptcy ala Bain ...

and GM would be just a memory.

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Response to Galraedia (Original post)

Tue May 8, 2012, 02:54 PM

60. Romney also invented the Internet. n/t

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Response to Galraedia (Original post)

Tue May 8, 2012, 04:19 PM

61. Mittens invented the Internets! And the Love Canal... n/t

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Response to Galraedia (Original post)

Tue May 8, 2012, 04:28 PM

62. What a maroon!!!

I hear GM's so thankful that they're going to build a clown car in honor of Romney. It has an added safety feature of flip-flopping out of the way when a collision is immanent.

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Response to Galraedia (Original post)

Tue May 8, 2012, 04:45 PM

63. since we're taking credit for creating things

Then I’m going to take for creating the vaccination the cured polo.

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