Detroit News Supports Mitt, But Exposes His Position On Auto Bailout As, Well A Fraud & A Crock

[kpete]

exposes his position on the auto bailout as, well, a fraud and a crock.

Don't assume that it was a no-brainer for a conservative newspaper to endorse a conservative presidential candidate. We recognize and are grateful for the extraordinary contribution President Obama made to Michigan in leading the rescue of General Motors and Chrysler…

We have said in past editorials that while Romney rightly advocated for structured bankruptcies in his infamous "Let Detroit Go Bankrupt" New York Times op-ed, he was wrong in suggesting the automakers could have found operating capital in the private markets. In that article, Romney suggested government-backed loans to keep the companies afloat post bankruptcy. But what GM and Chrysler needed were bridge loans to get them through the process, and the private credit markets were unwilling to provide them...

http://livewire.talkingpointsmemo.com/entry/detroit-news-endorses-romney-despite-his-wrong-headedness

[Thinkingabout]

1. Mitt's agenda, climb a tree and tell a lie rather than staying on the ground and telling the truth.

By now he does not know where he stands. He has tried to change his position on Detriot because Obama's plan worked.