Current.com Blog | May 08, 2012 | 6 comments

Romney taking credit for auto industry success

Republican nominee Mitt Romney claims he played a big part in recovering the auto industry. We're taking a closer look at this story from the Current community. Check it out and add your two cents:

Romney Taking Credit for Auto Industry Success

Submitted by FreeSpiritMuse

Mitt Romney believes he deserves a lot of credit for the auto industry's turnaround. Romney's 2008 piece, "Let Detroit Go Bankrupt," has already been previously slammed by Democrats, Republicans and auto industry insiders. Romney said the President Obama followed his lead that the industry needed to enter a "managed bankruptcy" process in order to fully recover.

"I pushed the idea of a managed bankruptcy, and finally when that was done, and help was given, the companies got back on their feet," Romney said in an interview inside a Cleveland-area auto parts maker. "So, I'll take a lot of credit for the fact that this industry has come back."

The Obama campaign pounced on Romney's statement Monday night, calling it "a new low in dishonesty" and calling on him to have "the courage and integrity" to admit he was wrong.

The community responds:

lazloman: "Bwahahahahahaha!!!! Romney saved Detroit! Bwahahahahaha! Hey Obama, Romney loosened for you! Bwahahahahahahaha!"

FreeSpiritMuse: "He seems to be a compulsive liar or believes we all have memory loss. He can't rewrite history or take credit for this."

bailey78: "I have to think to myself. What else is he willing to lie about ?"

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(Photo: Getty Images)

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6 comments // Romney taking credit for auto industry success

  • johnnyTremaine
    • 0
      johnnyTremaine  
    • This Globalist economic agenda, the so called “ New World Order ” is in reality the OLD WORLD ORDER, re-colonizing America and enslaving our splintered multi-cultural society to, among other horrors; severe usury, new fees, new fines, new taxes, new restrictions, mandatory vaccines, massive surveillance, new criminal laws, engineered poverty, prohibitions on organic farming, forbidding the teaching of time honored and tested truths, universally mandating poisoned processed foods, vaccines and medicines that cause cancer, schools that make you compliant, complacent and keep you misinformed, a centrally controlled news media that is not free, but scripted, and the confiscation of firearms.

      Were Puppet Romney to be "appointed" to rule, he would be as ruthless as Bloomberg, in compliance with the Protocols adopted in 1954,

      President Eisenhower fearlessly revealed his concerns in his farewell speech and warned America directly that the power of the multi-national Military -Industrial Complex was itself the main threat to Liberty..

    • 1 year ago
  • wynnmeg61
    • 0
      wynnmeg61  
    • This is exactly why the US is in decline right now -- we are being run and run over by people just like mittens. This man wouldn't know a moral or a value or human decency if it ran him over.

    • 1 year ago
  • manlyman
    • 0
      manlyman  
    • Cant spin your way out of this one, Mitt. Too many statements & video tapes around for you to "etch-a-sketch" your way out of this LIE. Bain Capital didnt even want to help out, thats why it took a govt loan to revive the auto industry that you would have KILLED. You're just a lying POS

    • 1 year ago
  • Front_Row_Seat
    • +1
      Front_Row_Seat  
    • The key Romney evil deed was insisting the auto companies NOT receive a bailout that made a bankruptcy reorganization possible. Romney wanted to force the auto industry into a particular kind of bankruptcy .... LIQUIDATION

      The auto industry suffered because unchecked Wall Street corruption including:
      1. falsifying toxic debts causing available money for a reorg to dissappear plus making it impossible for GM to borrow money to keep going (they even stopped offering leased vehicles which was 20% of their marketing because lack of money).
      2. Wall Street manipulation of oil prices through speculation (causing gas to jump so high people no longer wanted the cars and SUVs thus making US car sales drop off a cliff),
      3. Wall Street tight money and high gas pushed the economy into a severe recession which also killed car sales.

      All these hits to the auto industry were created by Mitt Romney's Wall Street Financial Bankers. The auto industry just needed time to recover from Wall Street's destructive actions. The solution was the same as happened with Lee Iacocca when he went to Congress and said "you can lend Chrysler money now or you can pay later through the massive social costs of a Chrysler bankruptcy.

    • 1 year ago
  • warman1138
  • Kelly_Balthrop
    • +1
      Kelly_Balthrop  
    • Oh, god. I've got to stop reading these at the office. I'm laughing so hard I've got everyone staring at me. Romney saved Detroit. Good one!

    • 1 year ago
rluz
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