>> romney wrote a now famous op-ed in "the new york times." romney called for detroit to go bankrupt and said if the government loaned money to the automobilemakers, you can kiss the automobile industry good-bye. it wouldn't go overnight, but its demise will be virtually guaranteed. romney wanted a massive restructuring of detroit. >> instead, we have to help these companies restructure, stay in business, but restructure, shed the unnecessary costs, make them competitive with the transplants and the foreign cars. by virtue of doing that, mack sure they stay in business long term. >> of course mitt romney wasn't the only person saying the automobile loan would fail. the auto loan was a major risk for the obama administration but it worked. the economist magazine apologized for supporting romney's idea of a managed