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 JaxsonRaine 6 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 William R. Wilson 8 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 Susan Reid 6 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 it.What do you think?http://dealbook.nytimes.com/2012/10/23/ … utomakers/
by mio cid 6 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 phion 6 years ago
Taxpayers pay for $49,000 of the $89,000 dollars it cost to build a Chevy Volt. Sound like a good deal to you? That President Obama really wasn't joking when he said energy costs will have to sky-rocket was he? What a joke. See what happens when we rely on government?
by Make Money 9 years ago
Source http://newswire.ca/en/releases/archive/ … c3028.htmlHoly man if high school and university students can come up with these figures then what to heck is wrong with the auto industry when they can't do better than 50 or 60 mpg? Or for that matter 10 to 15 mpg for decades?Mike
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