Actually, it’s true. If Mitt Romney had been president in 2009, we would no longer have an auto industry in Detroit. I know this because Mitt Romney said we should let Detroit go broke.
It’s not debatable.
IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed.
Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course — the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses. Detroit needs a turnaround, not a check.
Nope. They needed a check. They got a check, and now they’re making better cars than they’ve made at any time since the 1970’s.
Anyone from Michigan or who has any connection to the auto industry should be very clear that they they are indebted to Obama and that Romney would have ruined their lives irreparably.
