Thursday, January 05, 2012

Let Detroit Go Bankrupt? As Big 3 Sales Increase, Will Mitt Keep Rooting for Detroit to Fail?

From Michigan Democratic Party:

Lansing, MI – With reports today once again showing increased sales for Ford, General Motors, and Chrysler, Michigan Democratic Party Chair Mark Brewer today called on outsourcing specialist Mitt Romney to stop rooting for the American automotive industry to fail.

“When the Wall Street meltdown pushed our auto industry to the brink of collapse, Mitt Romney called for Detroit to go bankrupt. Instead, President Obama stepped up and provided emergency rescue loans to save 1.4 million American jobs,” said Michigan Democratic Party Chair Mark Brewer. “Now that sales are increasing and the auto industry is coming back, the question today is whether Mitt Romney will keep rooting for the US auto industry to fail or will he flip-flop and admit that he was wrong to want the automakers to go bankrupt?”

Throughout the campaign, Mitt Romney has maintained a disturbing pattern of rooting against the American automotive industry. He has repeatedly opposed the emergency rescue loans that the government provided to stabilize General Motors and Chrysler – sticking instead to his original statement that Detroit should have been allowed to go bankrupt.

At an Iowa debate, Romney stated that he wouldn’t support American auto companies doing innovative work in alternative energy vehicles if foreign competitors like Toyota “could do a better job,” and on a Boston radio show, he mocked the Chevrolet Volt as “an idea whose time has not come.”
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