GM Reports Record Quarterly Profits….but what did the pundits say would happen…

“The question is, where is Washington?” Romney told reporters on Jan. 12, 2008, in Ypsilanti, outside a General Motors plant that had just laid off 200 workers. “Are we going to let the entire automobile industry, domestic manufactured automotive industry, disappear and just say, ‘Well, that was tough, that’s just the way it is?'”

‘Detroit Go Bankrupt’

Two weeks after McCain lost the the election to Obama, as the Bush administration was debating a bailout, Romney wrote in a Nov. 19, 2008, op-ed in the New York Times, under the headline “Let Detroit Go Bankrupt,” that if the bailout happened, “you can kiss the American automotive industry goodbye.”

And here we are four years later, using hindsight to bring the whole thing into focus.


Romney’s Shifting Auto Bailout Stance Risks Becoming Liability
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/02/16/bloomberg_articlesLZG4PV0UQVI901-LZGRF.DTL

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