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2012: Mitt Romney throws Bailout Nation Under the Bus

Submitted by Cahnman on Sun, 05/31/2009 - 18:21
in

In his FNS interview today, Mitt Romney mentioned his NYT Op-ed from late last year:

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.

While it never should have come to this, it's refreshing to hear Republicans talking about letting losers fail.  Between Romney and Dick Cheney, it's almost looking like we can get the GOP away from Bailouts.  To Paraphrase Rick Santelli, Governor Palin are you listening?!?

 

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Too bad Romney didn't say that during the campaign

Submitted by Soren Dayton on Sun, 05/31/2009 - 19:24.

 

He wanted to bail out the car companies when he was on the ballot in Michigan

And you won't believe what he said & did/gov of Taxicusetts. . .

Submitted by Crow on Mon, 06/01/2009 - 11:15.

n/t

Oh sure I will

Submitted by Soren Dayton on Mon, 06/01/2009 - 14:42.

He said he didn't raise taxes. He did raise taxes. He said he helped the economy. It had the lowest net growth of any state in New England. It actually fell relative to the other states

Right now, he is saying that his health plan is paid for and that it covers everyone. Both are false.

Romney said "workout not bailout"

Submitted by Freedoms Truth on Mon, 06/01/2009 - 14:59.

... in his campaign. I think if you dig up his year-old Detroit economic speech, you will find it is not inconsistent with his current statements.

http://www.realclearpolitics.com/articles/2008/01/romney_to_the_detroit_...

"First of all, we have to be honest about the problems we have and tackle them head on. If I'm President of this country, I will roll up my sleeves in the first 100 days I'm in office, and I will personally bring together industry, labor, Congressional and state leaders and together we will develop a plan to rebuild America's automotive leadership. It will be a plan that works for Michigan and that works for the American taxpayer.

"And as part of this, we will directly address and rectify the enormous product cost and capital cost disadvantages that currently burden the domestic automakers. From legacy costs, to health care costs, to increased CAFE standard costs, to the cost of embedded taxes, Detroit can only thrive if Washington is an engaged partner, not a disinterested observer. The plan is going to have to include increases in funding for automotive related research as well as new tax benefits including making the Research and Development Tax Credit permanent.

"I am not open to a bail out, but I am open to a work out. Washington should not be a benefactor, but it can and must be a partner.

"But that's only one step. Washington also has to stop loading Detroit down with unfunded mandates. Of course, we all want fuel mileage to rise, but discontinuous CAFE leaps, uncoordinated with the domestic manufacturers, and absent consideration of competitiveness, kills jobs and imperils the entire industry. Washington dictated CAFE is not the right answer.

 And certainly Romney has been against the Government taking over or running these companies.

Romney will say anything...

Submitted by davidfarrar on Sun, 05/31/2009 - 21:19.

..he has to at the moment. That's always been his trouble. He's your typical me-first politician.

 

ex animo

davidfarrar