http://www.nytimes.com/2008/11/19/opini … .html?_r=0
This is the original op-ed that Romney wrote in 2008. Some interesting tidbits...
"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 is not wrong to ask for government help"
"I believe the federal government should invest substantially more in basic research — on new energy sources, fuel-economy technology, materials science and the like — that will ultimately benefit the automotive industry, along with many others. I believe Washington should raise energy research spending to $20 billion a year, from the $4 billion that is spent today."
"The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk."
In 2008, it would have been OK for Obama to spend money investing in companies that were looking for new energy sources. However, in 2012, it would be irresponsible and an example of how the government is trying to pick winners and losers. Also, it isn't wrong to ask for government assistance or taking guaranteed money from the government.
In 2012 he wrote this op-ed
http://www.detroitnews.com/article/2012 … rand-scale
"The indisputable good news is that Chrysler and General Motors are still in business."
"Before the companies were allowed to enter and exit bankruptcy, the U.S. government swept in with an $85 billion sweetheart deal disguised as a rescue plan."
Romney was clearly wrong in his prediction that the auto industry would die. It is also only OK for the government to provide money to a company after it has left bankruptcy. Granted, this was a complicated transaction, however, you can't say that a loan from the government is a bad thing at one point while being perfectly acceptable at another point.
So, Mitt, is it a bad thing for the government to be investing in new energy sources or not? Should the government offer companies money or should they stay out of the way?
by Jimbo'daNimbo3 years ago
http://blog.heritage.org/2012/10/18/pre … -failures/I wonder what might have happened if Mitt had advised these firms? We will never know will we?
by LiamBean6 years ago
I'm not attempting to swat a hornet's nest here. I just keep hearing the refrain "no government is good government" or words to that effect.According to the tea-party folks I've spoken to government is...
by Susan Reid4 years ago
Turnabout is fair play, it seems.What jumped out at me more than anything was the last part of the last line.Romney-backed Konarka solar panel firm files for bankruptcy[/] Posted by Felicia Sonmezat 11:06 AM ET,...
by Holle Abee4 years ago
It doesn't look like my first pick in the GOP field, Huntsman, is going to get enough traction, so I've been reading more about Mitt. You guys prolly already know this, but I didn't know the details until now:- Mitt...
by Valerie Washington4 years ago
Do you agree with this crap? Mitt Romney, in a leaked video stated some interesting opinions of his perspective of certain Americans. Believing his was speaking privately, he stated that the 47% of Americans who support...
by mio cid7 weeks ago
The man is truly embarrassing,he is incapable of answering a single question on any topic because of the fear of the extreme right which makes him give nonsensical answers and look like a mumbling fool when asked...
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