Why Did Romney Want The Auto Industry To Fail???

It just makes no sense, does it?
First of all, this is why it is a TERRIBLE idea to try to run a nation as if it were a corporation.
Second, JESUS CHRIST, if Romney flip flops one more frickin time, I swear to god, my neck is gonna snap!

http://www.youtube.com/watch?v=9KOtLHC8wYA

http://www.youtube.com/watch?v=5B79G8IvV2A

 

to consagain ::::::

the auto industry has failed.

they have failed to make the electric car available for us all.

vlad

 

Romney said he wanted the auto industry to fail?

 

He didn't want them to fail he wanted them to go through Bankruptcy, Chapter 9 I think or 11.
That is what it's therefore. So you can clean the books and start afresh.
Bankruptcy would've allowed the car manufactures to renegotiate or tosh all their contracts so they could be more profitable when they came out of bankruptcy.

 

I strongly disagree.

 

Romney opposed corporate welfare in the form of a government bailout and he called for a managed bankruptcy to shed billions in debt and make the auto industry more competitive and efficient in order to compete with foreign automakers like BMW and that was what the president did in the end as Romney wrote in a 2008 New York Times op-ed article, "Let Detroit Go Bankrupt":

The American auto industry is vital to our national interest as an employer and as a hub for manufacturing. A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs. The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk. In a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check.

http://www.nytimes.com/2008/11/19/opinion/19romney.html?_r=1

 

Chances are he and his friends were set to make a killing in the carnage of the auto industry.
Remember, romney cares only for romney and romneys bank accounts, nothing else.
So everything he does is to make him more money.

 

You people have got to get over this union hating thing, it makes you look foolish.

 

GM represents the auto industry for dems even though GM is not the auto industry.

It was more important to protect labor agreements than letting the company restructure from it's bad management. What is funny is that dems are now championing a corporation and a business too big to fail.

 

Nobody wants the auto industry to fail. They would be just fine if left alone by filing for Chapter 11, reorganizing, and coming out fiscally stronger for the long term. All Obama has done is bolster failing companies and empowered the self-defeating UAW. He bailed out the UAW. Why did he not bail out American Airlines? They are a huge company with tens of thousands of employees, and comprise a big chuck of our air transportation industry. American is in Chapter 11 right now, reorganizing, and will come out financially stronger. The process is not painless, but deals with reality, instead of just throwing more taxpayer money at it.

 

In other words you think that finding efficiencies and savings in government spending is a bad thing?

 

Do you not understand what bankruptcy is???
When someone files bankruptcy that means that all the people that they owe money to gets SCREWED!!!
Yeah, I know Shlt Romney made a career out of that, but you can't run a nation as if it is a Vulture Capital business.
If the Aiuto Industry would NOT have gottenthe government LOAN, then thousands of other companies would have failed also. Parts manufactures, technology companies, finance companies, etc. All of these folks would have gotten royally SCREWED - just like the folks Romney screwed over at Bain every time they gutted a company and then had it file bankruptcy.

The funny thing of course is that now that the AUto Industry has been rescued, Romney is trying to deny that he wanted it to fail...
CLASSIC FLIP FLOP!!!

 

The terms of debt owed to creditors is renegotiated. All debt is not necessarily wiped out. In the case of the Auto Industry, the taxpayer got screwed, and the industry can operate as they did before, which will only lead back to square one.

 

Romney didn't want the auto industry to fail. He is an old car company brat. Pop was AMC CEO.

The auto industry failed on its own.

All Romney (and I) ask is that it go through the same legal process that every other company had.

Stripping GM stockholders and creditors of equity and essentially pouring ten figures of taxpayers' money into the gold-plated legacy costs of the UAW was completely wrong and destructive of the economy.

 

American Airlines is one company, not the entire airline industry. The fact that you cons can't see the difference is why you can not ever be allowed to have control of the economy again.
You've run it into the ground twice now, we would be stupid to give the conservatives another chance to ruin our nation again.

 

Wrong, the AUto Industry has nearly paid back the government LOAN. Do you know what a loan is? Do you folks understand ANY thing about banking?
Even Romney NOW admits that Obama rescued the Auto Industry...of course he's a flip flopper, so what he admits doesnt really mean squat now, does it???

Mitt flips on Auto bail-out
http://www.youtube.com/watch?v=HmYasS9p9zs

 

The tax payer were not 'screwed' because the loans will be repaid just like when saint ronnie the raygun did it with Chrysler back in the 80's.

 

3 months ago you hated romney, now you lie to defend him.
How do you make that switch so fast?

 

Can't you see? Obviously Taxcutter has something in common with Romney: They are both FLIP FLOPPERS!!!

 

My GUT tells me Romney really believes that if cars can be made cheaper and more profitably in Bumfukistan, then they should be made in Bumfukistan. Keeping America from turning into Bumfukistan is not an issue for him. In other words, the U.S. really did have the misfortune of becoming somewhat prosperous. In the process, we made ourselves vulnerable to being undercut, opening up new business opportunites offshore.

 

That's it. And so what if 13 year old children, getting 85 cents a day, working 60 hours a week, neck deep in toxic crapola are making the vehicles - just as long as there is more profit, what does he care???

 

CFR members like Romney have to ebb and flow as they are instructed so they won't tip anybody off that they are on the same team, him and Obama.

 

Link to your unsubstantiated bull(*)(*)(*)(*).

 

The only important fact is that Romney is the one who can oust Hussein Obama.

Really, nothing else matters.