Romney Endorser Corrects Mitt On Auto Rescue: ‘No One Could Have’ Saved The Industry Except
Romney Endorser Corrects Mitt On Auto Rescue: No One Could Have Saved The Industry Except The Government
http://thinkprogress.org/economy/2012/02/21/429279/romney-endorser-corrects-him-on-auto-rescue-no-one-could-have-saved-the-industry-except-the-government/
Mitt Romneys renewed opposition to the rescue that saved the American auto industry, which came in the form of yet another editorial announcing his desire to Let Detroit Go Bankrupt, was immediately slammed by auto industry insiders, reporters who covered the rescue, and even publications that had once taken his same position.
Michigan Rep. Fred Upton (R), who endorsed Romney, has now joined that chorus, telling Western Michigan Universitys WMUK radio that turning to the private sector to rescue Detroit as Romney advocated was never an option:
HOST: He wrote an op-ed for the Detroit News in which he said it is good news that U.S. auto companies are back but he questioned the manner in which it was done, the so-called auto bailout. This was a fight that you were knee deep in at the time it was happening. Do you agree with his characterization?
UPTON: I did not see the article that he wrote. I do know that all of the Michigan delegation worked very hard as related to the revival of the auto industry. There was really a choice between bankruptcy and liquidation. There was no one that was willing to come up not only with the cash to keep them afloat but also to serve the warranties of everyone, you and I that drive all these cars.
There was no one that could have picked up those pieces other than the federal government.