Wednesday, October 17, 2012

Breitbart: Romney Destroys Obama's Auto Bailout Argument

I think Romney did pretty well in last night's debate. I am sure a lot of conservatives weren't happy with his performance because the general polls suggested that Romney had lost the debate. But it isn't the overall polling that matters, what matters is how voters perceieve he did on issues such as economy, taxes, etc. On these issues, Romney beat Obama convincingly.

Here's a nice piece from Breitbart.com where Romney corrected Obama on his lies about the auto bailout arguments. Excerpt from the piece:

For months, President Barack Obama has used the auto bailout as the signal example of economic success under his administration. And he has attacked rival Mitt Romney for arguing, in a New York Times op-ed in November 2008, that the auto industry should have been allowed to go bankrupt. In Tuesday’s debate, however, Romney destroyed Obama’s argument, forcing Obama to admit his role in the industry’s bankruptcy.
In response to a question about jobs--from a college student highly unlikely ever to work in an car factory--Obama unloaded his familiar talking points on the auto bailout:
You know, when Governor Romney said we should let Detroit go bankrupt, I said, we’re going to bet on American workers and the American auto industry, and it’s come surging back. I want to do that in industries, not just in Detroit but all across the country.


Romney’s response:
My plan was to have the company go through bankruptcy like 7-Eleven did and Macy’s and Continental Airlines and come out stronger. And I know he keeps saying, you wanted to take Detroit bankrupt. Well, the president took Detroit bankrupt. You took General Motors bankrupt. You took Chrysler bankrupt. So when you say that I wanted to take the auto industry bankrupt, you actually did.
 
 

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