Obama Calls Romney Auto Bailout Claim an 'Etch-a-Sketch Moment'

[Marzupialis]

Source: ABC News

President Obama on Wednesday roundly dismissed GOP rival Mitt Romney's claim to credit for the resurgence of the U.S. auto industry as "one of his Etch-A-Sketch moments," in an exclusive interview with ABC News' Robin Roberts.

During a visit to Lansing, Mich., on Tuesday, Romney said the idea of a managed bankruptcy for GM and Chrysler had been his idea at the height of the economic crisis in 2009. "So I'll take a lot of credit for the fact that this industry's come back," he said.

Obama has argued that the managed bankruptcy could not have been possible without his decision to authorize a multi-billion dollar infusion of taxpayer cash to keep the companies afloat. Romney opposed federal government aid.

"I don't think anybody takes that seriously," he told Roberts of Romney's claim. "People remember his position, which was, 'Let's let Detroit go bankrupt' and his opposition to government involvement in making sure that GM and Chrysler didn't go under."

Read more: http://news.yahoo.com/obama-calls-romney-auto-bailout-claim-etch-sketch-110702571--abc-news-politics.html;_ylt=Ah.c8QFIFfQeNkfgzPj1UBqs0NUE;_ylu=X3oDMTNtYnRjcHEwBG1pdANKdW1ib3Ryb24gRlAEcGtnAzc1MTQ0NmVjLWNmYmQtM2VjOS04YTA4LTAwZjFlZDFkMTVkNQRwb3MDMgRzZWMDanVtYm90cm9uBHZlcgM2ZjY1MzNkMi05YTlhLTExZTEtYmZiOS1mZGM1NDQ2NjJhM2Q-;_ylg=X3oDMTFlamZvM2ZlBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdAMEcHQDc2VjdGlvbnM-;_ylv=3

[FailureToCommunicate]

1. Please keep turning up the heat, Mr President!

[Richardo]

2. Ba-ZING!!

+ :rec:

[groundloop]

3. As a vulture capitalist I'd bet rMoney he had something up his sleeve

I'm suspicious of rMoney's motives. If in fact the auto industry was left to flounder on it's own I wouldn't have put it past him to already have had a scheme cooked up to profit in some way.

Yes, we all need to keep hammering rMoney for his blatant flip-flops and etch-a-sketch moments.

[sarcasmo]

4. Flip, flop, flippity, flop, don't stop, keep on flopping Willard.

[truthisfreedom]

5. Bam!

Etch-a-Sketch.

[Flatpicker]

6. Nice!! n/t