Mitt Romney on the Auto Bailout, and Other Confusions
To the delight of liberals everywhere, Mitt Romney has not only reversed but contradicted himself about the auto bailout. In the wake of Chrysler’s loan payoff this week, Romney’s comments also typify how very confused and confounded the public’s perceptions of the bailout remain.
First, in 2008, he wrote an op-ed for the New York Times entitled “Let Detroit Go Bankrupt,” saying that if they got the bailout they wanted, “you can kiss the American automotive industry goodbye.” In 2009, he called Mr. Obama’s rescue plans “tragic,” “a sad circumstance for this country.”
Now, last Tuesday, one of Romney’s people said, “Mitt Romney had the idea [of restructuring though bankruptcy] first.” He just thought they should do it without wasting billions of dollars “propping up” the auto companies.
That of course made the Dems and the Libs run wild. With one brilliant stroke, the man has probably forfeited his candidacy for the presidency.
George Romney, former American Motors president, governor of Michigan and father of this prodigy, lost his run for the presidency in ’68 after claiming to have been “brainwashed” by the military regarding the Vietnam War.
One of George’s famous quotes is: “I didn’t say that I didn’t say it. I said that I didn’t say that I said it. I want to make that very clear.”
Mitt’s latest gaffe reflects not only the man’s strange and continuing reversals on every kind of issue—health care, immigration, climate change, and more. Like his dad, he seems to be brainwashed by the facts.
And yet, having it both ways on the bailout question very much typifies how the American public has reacted.
People continue to castigate the Obama administration for pouring money down a rathole, violating the free-enterprise system, rewarding failure and screwing suppliers and stockholders.
But the funny thing is, the bailout has worked, saved hundreds of thousands of jobs, turned an industry around and revived some very sick communities. There is plenty of hostility still, but its critics have to contend with a growing number of rather sticky facts.
Has the auto bailout been a success (at least so far) in your view?