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Romney is not backing down from his stand despite the strong union anger over is stand.
Republican presidential candidate Mitt Romney is defending himself in Michigan against questions over why he opposed a federal bailout of General Motors and Chrysler two years ago.
Romney told a diner at the Senate Coney Island restaurant Thursday morning that the automakers should have gone through a private bankruptcy without the federal aid.
The businessman and former Massachusetts governor says he believes "in the process of law" rather than bailouts.
Dozens of autoworkers and Democrats protested outside the restaurant.The Full Story is HERE.
You can hear the UNION JACKASSES singing near the end of the following video:
After breakfast, Romney headed over to Bizdom University:
He then stuck by his original criticism of the auto bailout:
Romney said he stands by his position that General Motors Corp. and Chrysler Group should both have gone through bankruptcy without federal funds, which totaled $49.9 billion for GM and $15.2 billion for Chrysler.
He said they should have pursued debt financing. And if not enough was available to keep the companies viable, then the government could have offered such things as loan guarantees as a last resort.
When asked whether the auto companies would be alive today without getting federal money, Romney said: "I wanted them to go through bankruptcy and to do it through the private sector. They should have gone through the process the way it's been done for 50 years."
Read the full story HERE.
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