WASHINGTON — Former Massachusetts Gov. Mitt Romney is standing steadfastly behind the forces opposing a $25 billion "bridge loan" for struggling Detroit auto manufacturers.
Speaking Thursday morning amid growing signs of gridlock in Congress, Romney said "there's no question but that if you just write a check, you're going to see these companies go out of business ultimately."
He told CBS's "The Early Show" that he doesn't want to see the carmakers go out of business, "but we don't want them to continue business as usual."
Romney, who unsuccessfully sought the Republican presidential nomination and was the leader of the 2002 Winter Olympic Games in Salt Lake City, has ties to Michigan. His father, George Romney, headed an auto company there and was the state's governor.
Mitt Romney said Thursday he believes bankruptcy filings or an out of court settlement might be the best answer to "get these companies into a competitive position so that they can stay, grow and add jobs."
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Kudos to Mitt Romney!
Even though he may be positioning himself for a future political office, and knowing he flipped-flopped again, after making "empty promises" to Michigan voters, came out in public, and "assisted" our U.S. Congress & More..
I've also been no supporter of Romney, but he scored some points with me for his position. The pro-bailout forces have been framing their argument with fear of the total obliteration of the Big 3. There would be no such thing. Bankruptcy offers More..
I appreciate the afore mentioned comments!
Romney knows the auto business...his dad pulled out AMERICAN MOTORS! Geeez, it seems like everything Mitt has a chance to fix ...he does well!
Maybe America does not want a problem solver ?
More..