Mitt Romney said Thursday in a WJR radio interview:
"I'm afraid Jennifer Granholm is a failed governor trying to defend a failed president," Romney told host Frank Beckmann. "I'm not terribly surprised at the direction she tried to take, but clearly the people in Michigan are smarter than to just listen to the pitch coming from the Obama folks and the UAW."The Full Story is HERE.
Romney famously penned a 2008 editorial for the New York Times titled "Let Detroit Go Bankrupt." In it, he criticized a $34 billion assistance package requested by the executives of GM, Ford and Chrysler, arguing the automakers would be better served by managed bankruptcy than a bailout.
The Bush and Obama administrations ended up using around $85 billion in TARP funds to help GM, GMAC, Chrysler and Chrysler financial avoid collapse. And under Obama, the federal government led both automakers through bankruptcies that saw them restructure and become more competitive in exchange for financial assistance.
"Obviously, a managed bankruptcy was exactly what I said should happen, and that's what did happen," Romney said Thursday. "That was the right course. I think it could have been done better if instead of being led by Barack Obama it had been led by the management of the companies, their boards of directors and their shareholders."
The following is a Mitt Romney interview on the Frank Beckmann Show on WJR Detroit, Michigan from Thursday, June 9, 2011.
To listen, PRESS THE POPUP BUTTON under the photo below:
Please check us out on Facebook and If you like what you see, please "Like" us. You can find us here.