times op-ed. yes, just another classic nonanswer from the romney campaign. the new york times did pick the title of the romney op-ed but romney wrote, if the auto companies get a loan, quote, you can kiss the american automotive industry good-bye. the substance is all the same. romney did not want to help detroit with a loan. that s very clear more than once. you re going to see these companies go out of business ultimately. you said, quote, if joan motors gets the bailout that their chief executives asked for yesterday, you can kiss the automobile industry good-bye. that s right. if you write them a check, they are going to go out of business. meanwhile, eric cantor was asked about the lies and his response wasn t much better. i have not seen the ad. i have heard it. they are apparently not running it in virginia so i m not seeing the ad. he s not seeing the ad.
but it s not the first time he made it sound like it was his idea all along. the president did what i sawinged, going through a managed bankruptcy process. 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
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