Flashback

[Zam-Zam]

It's always fun to look back, isn't it?

In his pre-taped weekly address Mr. Obama, referencing a 2008 op-ed in which Romney argued against bailing out the auto industry (entitled "Let Detroit Go Bankrupt"), outlined his administration's efforts to save the industry upon being elected.


"Just a few years ago, the auto industry wasn't just struggling - it was flatlining," Mr. Obama said. "GM and Chrysler were on the verge of collapse. Suppliers and distributors were at risk of going under. More than a million jobs across the country were on the line - and not just auto jobs, but the jobs of teachers, small business owners, and everyone in communities that depend on this great American industry."

His administration, he argues, "refused to throw in the towel and do nothing. We refused to let Detroit go bankrupt. We bet on American workers and American ingenuity, and three years later, that bet is paying off in a big way."


http://www.cbsnews.com/8301-250_162-57531867/obama-i-refused-to-let-detroit-go-bankrupt/


Update: Detroit is broke.

 

[as seen on tv]

i think you've handed obama the perfect rationale to send tax dollars from iowa, north dakota, and other rural states to bail out the detroit police and fireman pension funds.

the political mojo of being able to claim he "refused" to let them go bankrupt.

wasn't it president ford who said (to NYC) "Drop Dead" (this was an actual NY Times headline after a bailout was not forthcoming. NYC went on to solve its own problems. As it should have in the first place.

 

[Dino]

It's always fun to look back, isn't it?
In his pre-taped weekly address Mr. Obama, referencing a 2008 op-ed in which Romney argued against bailing out the auto industry (entitled "Let Detroit Go Bankrupt"), outlined his administration's efforts to save the industry upon being elected.

"Just a few years ago, the auto industry wasn't just struggling - it was flatlining," Mr. Obama said. "GM and Chrysler were on the verge of collapse. Suppliers and distributors were at risk of going under. More than a million jobs across the country were on the line - and not just auto jobs, but the jobs of teachers, small business owners, and everyone in communities that depend on this great American industry."

His administration, he argues, "refused to throw in the towel and do nothing. We refused to let Detroit go bankrupt. We bet on American workers and American ingenuity, and three years later, that bet is paying off in a big way."


http://www.cbsnews.com/8301-250_162-57531867/obama-i-refused-to-let-detroit-go-bankrupt/


Update: Detroit is broke.

"We refused to let Detroit go bankrupt"

"We refused to let Detroit go bankrupt"???

Another problem solved by the Great Obamanini!

Which stage of grief is "acceptance"? Has he got there yet?

 

[Zam-Zam]

"We refused to let Detroit go bankrupt"

"We refused to let Detroit go bankrupt"???

Another problem solved by the Great Obamanini!

Which stage of grief is "acceptance"? Has he got there yet?

Seems to be still in denial. As in, "Al Qaeda is decimated and on the run".......

 

[fairsheet]

Obama-bad! Vote for Mitt, 'cuz Obama bad! Would Detroit be in better shape today, if we'd followed Mitt's outline? It's hard to see how that would be the case.

And while I'm on this riff, I STILL don't understand how the Romney's got such a complete media pass, around the historic disappearance of AMC/Rambler? We know that George Romney CEO'd American Motors with plans of making it once again viable. We know that he failed miserably. And what's the MAIN reason for his failure? It's quite simple. AMC lacked the necessary capital to compete. They couldn't invest sufficiently, in the new tech and designs the market was demanding.

So...what was Mitt's solution to GM and Chrysler's "issues"? It was to starve them. Mitt ran from his most notable achievement - Romneycare - and he advocated for the same model that brought down AMC. Mitt was the bizarro candidate, for sure!