Friday, February 10, 2012

Will Romney's anti-bailout stance hurt his chances in Michigan?

Reuters:
Now, with Romney desperate for a win in Michigan's primary on February 28, he will have to explain to voters why later in 2008, he called for the U.S. government to stand aside as auto companies at the brink of insolvency begged for help.
Obama's side:
Obama and top administration officials have made frequent trips to Michigan to tout the revitalization, arguably their top economic accomplishment. "It's good to remember the fact that there were some folks who were willing to let this industry die," Obama said last week, in an apparent jab at Romney.
Romney's side:
The Romney campaign has stuck to its guns, arguing that the administration would have saved billions of dollars if it had followed Romney's advice. "Events have proved Governor Romney exactly right," campaign spokeswoman Amanda Henneberg said. "It is unfortunate that the government first attempted a bailout, which was precisely as unsuccessful as he predicted, cost taxpayers billions, and left the government improperly entangled in the private sector."

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