What was Mitt Romney’s plan for
Michigan's automobile industry?
"Let Detroit go bankrupt."
Romney wrote in the New York Times that if
automakers got a government loan:
“you can kiss the American automotive industry
goodbye. It won’t go overnight, but its demise will be
virtually guaranteed.”
Mitt Romney
November 19, 20
08
OP-ED CONT
RIBUTOR
Let Detroit Go
Bankrupt
Was Wrong.
By MITT ROM
Boston
N EY
IF General Mot
ors, Ford and C
chief executives hrysler get the b
asked for yesterd ailout that their
ay, you can kiss
President Obama's decision to extend automotive indu
will be virtually
stry goodbye. It
won’t go overnig
the American
ht, but its demis
guaranteed. e
loans to Chrysler and General Motors Without that bai
lout, Detroit wil
itself. With it, th l need to drastic
ally restructure
saved those companies—and more e automakers wil
l stay the course
— the suicidal
than one million American jobs—and
gave a shot in the arm to Detroit.
Mitt Romney would have "let Detroit go bankrupt.”
If he had been president, where would our economy—and Detroit—be today?
MITT ROMNEY:
Wrong for Michigan.
Wrong for the middle class.
WhichMitt.com/autos
PAID FOR BY THE DEMOCRATIC NATIONAL COMMITTEE.