Chrysler CEO is praising the bailout on CNN.

[Swede]

To paraphrase him "no bailout,no Chrysler".

[Botany]

1. Say it out loud and proud

Romney: Bankruptcy, not bailouts, saved Detroit

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x4871762

Source: CBS

(CBS News) Republican presidential candidate Mitt Romney said today the turnaround by Chrysler and General Motors was thanks to their being taken into bankruptcy court, not the bailout dollars that were given the automakers by the Bush and Obama administrations.

The former Massachusetts governor had written in a November 2008 New York Times Op-ed titled "Let Detroit Go Bankrupt," that automakers needed a managed bankruptcy, not a bailout check. "If General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye," he wrote.

In 2009 Romney told Fox News that the U.S. government becoming a majority stakeholder in General Motors represented "a very, very sad circumstance for this country ... it's really tragic in a lot of respects."

Today, with the auto industry on the rebound - 115,000 jobs added, and $5.1 billion paid back to the federal government this week by Chrysler - Romney said Detroit's resurgence is because President Obama took his advice.

Read more: http://www.cbsnews.com/stories/2011/06/03/earlyshow/mai...

[FSogol]

2. K & R. n/t

[tridim]

3. I'm amazed that CNN allowed him say that on air.

[former9thward]

4. It would be nice if the CEO would repay the bailout.

But they are not. http://www.latimes.com/business/la-fi-auto-bailout-20110601,0,3372170.story