http://www.toledoblade.com/Politics/201 … -Ohio.html
"Using the rebounding auto industry as an example"
Yes, the rebounding auto industry, which is still costing taxpayers money, and will eventually run to the tune of some $60-$80 billion dollars worth of un-repaid bailout money...
""I wonder what in the heck was occupying his mind" when he wrote the New York Times opinion piece entitled "Let Detroit Go Bankrupt," Mr. Biden said."
Joe, newsflash. Detroit went bankrupt. Exactly what Mitt was calling for, a managed, restructuring, bankruptcy.
Mitt says the auto industry should go through bankruptcy and restructuring, rather than wasting billions of dollars in pre-bankruptcy bailout funds. Mitt = bad.
Under Obama, GM and Chrysler go bankrupt and restructure. Obama = good.
I can't for the life of my understand why this subject continues to come up, and nobody seems to point out that the auto industry ended up doing exactly what Romney was suggesting. The only difference, is that the auto industry ate up an additional $32 billion of bailout funds before filing for bankruptcy under Obama's watch.
by Susan Reid3 years ago
Bush/Obama actions went a different direction.Auto industry now is where it is.Hearing more and more that Romney was right all along. That a traditional bankruptcy would have been more effective.Here's one take on...
by William R. Wilson5 years ago
http://www.nytimes.com/2010/11/18/busin … amp;emc=a2It's not all paid back yet, but things are looking good. Hardly a socialist nationalization of the auto industry though....
by mio cid4 years ago
Can the republicans diminish the significance of this powerful truth ,as the republicans were against both these accomplishments by a democratic president?
by JaxsonRaine4 years ago
Thoughts?Romney recognizes Jerusalem as the capital.Israel has the right to defend itself.What lengths, if any, should we go to to prevent Iran from obtaining nukes.
by GA Anderson3 years ago
Hostess Bakeries, makers of the iconic Twinkies is going bankrupt. - 18,500 jobs lost(Reuters) - A standoff between Hostess Brands Inc. and thousands of its bakery workers was heading for a showdown Thursday as both...
by larryfreeman7 years ago
As I mentioned in a previous announcement, categories are coming to HubPages.Here is the planned breakdown of the Automotive Category:Automotive (Top Level)* After Market Modifications* Auto Industry* Buying &...
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