Romney just before the election<quoted text>
The state takeover of Detroit's finances is a racist plot.
Of Mitt Romney's many costume changes, the new Superman outfit portraying him as the would-be savior of the American auto industry wins for most imaginative. Understood: His infamous “Let Detroit Go Bankrupt” op-ed has proven a great inconvenience to winning votes in the industrial Midwest. But continually insisting that one didn't say what one said is severely not honest.
A new Romney campaign ad for Ohio intones,“He has a plan to help the auto industry.” A nice sentiment now that the carmakers no longer need saving. His plan in the winter of 2009, when General Motors and Chrysler were clearly going under, was to deny them government aid.
President Obama spent those grim days winning government guarantees for automakers over fierce Republican resistance. Consumers were cowering under their beds. It was government help or disaster. Auto industry analysts predicted that even solvent Ford could not have endured the collapsing chain of suppliers that would have undoubtedly followed an unsupported GM bankruptcy.
But Romney lectured the car companies to get private financing at a time when private lending had virtually dried up. Healthy companies couldn't get it.
Interesting that the ad mentions Romney's endorsement by the Detroit News. Everyone should read that editorial. While backing the Republican, it strai
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