DNC Detroit

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					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.

				
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posted:11/9/2011
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