Comments about ‘Romney doesn't back down from his opposition to a multibillion-dollar federal bailout’

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Published: Thursday, June 9 2011 2:00 p.m. MDT

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Pagan
Salt Lake City, UT

'LIVONIA, Mich. Republican presidential candidate Mitt Romney is defending himself in Michigan against questions over why he opposed a federal bailout of General Motors and Chrysler two years ago.' - Article

Defend?

But this is lock in step with the Republican party.

*'Republicans kill Senate jobless aid measure' - By Andrew Taylor - AP - Published by DSNews - 06/24/10

*'Senate Republicans - again - kill bill for jobless aid' - By Stephen Ohlemacher - AP - Published by DSNews - 06/30/10

(After 2010 Midterms)

House GOP blocks bill to extend jobless benefits By Andrew Taylor AP 11/18/10

*John Boehner: If GOP Cuts Cause Federal Job Losses, 'So Be It' - Huffington Post - 02/15/11

But...

*'AP: Lawmaker seeks hearing on NJ gov's chopper use' - By Angela Delli Santi - AP - Published by DSNews - 06/02/11

'TRENTON, N.J. A Democratic state lawmaker said Thursday she'll convene a hearing into New Jersey Gov. Chris Christie's use of a state police helicopter to fly to his son's baseball game.' - Article

Cats
Somewhere in Time, UT

Romney absolutely took the right position in this issue. The bailout was a total payoff to the union buddies of the Democrats. That's all. GM should have gone through the bankrupcy process, gotten rid of terrible union contracts and started over.

Independent
Henderson, NV

Romney looks pretty good to me on this one.

FDRfan
Sugar City, ID

I believe that Romney was right and that FDR would have agreed with him. The pendulum had swung too far and GM needed major restructuring to become competitive. And the free market place was the best place. Governments won't make the hard choices unless the public agrees. And no one, Unions or Utah Republicans, want to cede power.

MapleDon
Springville, UT

"Ford electrician Larry Ring of Wayne County's Canton Township...says he can't understand why Romney took the position he did."

For the same reason his employer (Ford) refused the money. Larry probably doesn't understand much other than Democrats/Big Government = Good; Republicans = Bad.

It would have been more clever for the Dems to bus in a GM employee to protest. Looks like someone forgot to take their smart pills.

johnnylingo62
Gray, TN

Romney has it right. The Bond Creditors were treated unfairly and the estabalished rules of law were circumvented when the Federal Govt interferred. This is really unprecedented and you can bet that bond holders will be much more wary of "investing" in the future when big gov't has stepped in this manner to take property from one group (the bond and credit holders) and give it to another group (the unions) without adequate compensation.
Gross error by our government in a capitalist free-market economy.

screenname
Salt Lake City, UT

Funny how Pagan loves to mention that a Republican, George W. Bush, initiated the bailouts and therefore Republicans are evil and spend too much.

Now that Romney is defending his opposition to that action, all the sudden Romney and Republicans are evil by not being willing to spend enough.

I get the feeling Republicans can't win with some people, regardless of their actions...

Chris B
Salt Lake City, UT

barack said his #1 priority was the economy.

Let's recap how that went.

"We need to act quickly in passing these stimulus funds(nearly a trillion) to prevent unemployment from reaching 8%"

Unemployment soared to over 10%.

Unemployment is still over 8% 2 years later.

Unemployment is expected to be over 8% for another 2 years.

Is barack solely to blame for the economy?

No

Is barack solely to blame for spending 787 billion and telling us that unemployment would not reach 8%?

Yes.

Chris B
Salt Lake City, UT

Barack:

Proven he is good at spending other people's money.

Romney:

Proven through a lifetime in business that he can build wealth.

I wonder what our economy needs?

Redistributing or building?

What

do

you

all

think?

I

say

we

need

to

build

wealth.

MVH
Cottonwood Heights, UT

"Among [the protestors] was Ford electrician Larry Ring of Wayne County's Canton Township. He says he can't understand why Romney took the position he did."

The 99.9% of us who aren't auto workers, we CAN and DO understand why Romney took the position he did on the bailout.

Pagan
Salt Lake City, UT

'Larry probably doesn't understand much other than Democrats/Big Government = Good; Republicans = Bad.' - MapleDon | 9:32 a.m. June 9, 2011

Ok.

So American jobs = bad. Can't afford it.

And, the GM bailout, also bad.

Who, signed the GM bailout into law?

*'Timeline of the Auto Bailout' - 08/02/10 - Fox News
'The Senate voted Oct. 1, 2008 to pass a revised version of the TARP bill (HR 1424) and the House voted Oct. 3, 2008 to clear the measure.'

*Bush signs $700 billion bailout bill AP Published by Denver Post By Tom Raum 10/03/08
WASHINGTON President Bush quickly signed into law a far-reaching $700 billion bill to bail out the nation's tottering financial industry, calling it "essential to helping America's economy" weather the storm.

Same day.
Same Bailout.

Blame Dems.

*'Univ. of Maryland study finds Fox News viewers to be misinformed on key issues' - By Ryan Witt - Examiner - 12/17/10

'Over 40% of respondents said President Obama started TARP even though TARP was signed into law by President Bush on October 3rd of 2008.'


Then President George W. Bush signed this bailout.
The ones even his Republican party, cannot support.

Brother Chuck Schroeder
A Tropical Paradise USA, FL

This is MY VIEW, if you "Romney Lover's" don't like it, tuff. Is Romney on trial in a court room here, (perhaps he should be for lies to the voters in America,) when the DN's poster boy icon Mitt Romney, that is defending himself in Michigan against questions over why he opposed a federal bailout of General Motors and Chrysler two years ago?. Was the auto bailout Mitt Romney's idea?. Mitt Romney is saying that the auto bailout looks a lot like what he suggested in 2008. Yes, and no. But there are good reasons why Romney's bringing it up and why Dems are fighting back. FLIP flop, He and his campaign in recent days have insisted that they get at least some credit for suggesting a plan to save GM and Chrysler that the Obama administration later followed.

GoodGuyGary
Houston, TX

"Ford electrician Larry Ring of Wayne County's Canton Township...says he can't understand why Romney took the position he did."

That is why Larry the Eletrician is an electrician, not the CEO of Ford.

ClarkKent
Bountiful, Utah

I think this would have been a no-win situation no matter which direction the government went. Whenever big business files BK there are ALWAYS lots of complainers about how the big creditors got more than their fair share, how the little guys suffered, etc. The public is often quite frustrated by what appears to be a huge enterprise getting away with not having to pay its debts when it files BK. I've seen many such complaints registered over the past few years. Memories appear to be short though when people chose to make this a political party argument!!!!

Bountiful Democrat
Bountiful, UT

I think the "Ford" Electrician who asked Gov. Romney why he opposed the Federal assistance, needs to be educated that his own employer turned down the Federal Assistance and is doing very nicely because of good management decisions.

I also doubt the democrats planted him in the audience as others alude, but thanks again for blaming everything bad on Obama. Fox is doing its job, all too well.

Eddie
Syracuse, UT

Maybe Larry Ring could understand why Obama will not give me a bail out. I sure would like the Government to give me some cash to payoff my morgage and buy a new car and really set me up for life and then just left it up to me to pay it back if I wanted to or not.

Mitt got it right and painful as it may be for us in this country, we have a long, hard row to hoe before we are in the clear. If we don't get someone in there to guide us through, we ALL will be in deep trouble.

WHAT NOW?
Saint George, UT

Hindsight is always 20/20.

What are the Republican candidates SPECIFIC GOALS, OBJECTIVES and TIMELINES with regard to the economy, unemployment, housing, Medicare, Social Security, immigration, the defense budget, Iraq, Afghanistan, and Libya as well as uniting a completely divided nation...for starters.

To invoke the "corporate" model, why would (shareholders) voters, again, elect a (CEO) President, without knowing exactly where that person is going to take the country?

Hawkeye79
Iowa City, IA

Interesting, Pagan. You complain a lot, but don't seem to offer much substance in the way of solutions. So, do you think the bailouts were a good thing or a bad thing? It would seem that, as much as you hate it, you either side with George Bush or Mitt Romney on this one.

As far as job creation goes, if you are of the persuasion that jobs can only be created when the government spends hundreds of billions of dollars that it doesn't have, then you have a thing or two to learn about business. While some business regulations are appropriate, our businesses are greatly overburdened compared to the rest of the world. Is it any surprise that we are not competing as well when our businesses face the greatest regulation in addition to the 2nd highest corporate taxes in the world?

Pagan
Salt Lake City, UT

'I sure would like the Government to give me some cash to payoff my morgage and buy a new car and really set me up for life and then just left it up to me to pay it back if I wanted to or not.' - Eddie | 10:08 a.m. June 9, 2011

Eddie,

Just vote Republican.

*'Bush signs stimulus bill; rebate checks expected in May' - CNN - 02/13/08

'President Bush on Wednesday signed the Economic Stimulus Act of 2008, calling it a "booster shot" for the American economy.'

But remember!

Republicans are financially 'conservative.'

*'AP: Lawmaker seeks hearing on NJ gov's chopper use' - By Angela Delli Santi - AP - Published by DSNews - 06/02/11

'TRENTON, N.J. A Democratic state lawmaker said Thursday she'll convene a hearing into New Jersey Gov. Chris Christie's use of a state police helicopter to fly to his son's baseball game.' - Article

*Barbour defends use of state plane for DC events By AP Published by Washington Post 03/25/2011

State finance records show Barbour billed taxpayers $7,020 to fly himself, his wife, tow aides and two security guards to Washinton...'

Unless it comes to themselves.

Hawkeye79
Iowa City, IA

Pagan,

So, who do you side with on this issue - Bush or Romney? What do you feel was the best course of action? Do you dare commit to a course of action, or are you only here to complain about a political party, regardless of its beliefs?

Also, Pagan, I love the way you try to characterize an entire group by the actions of a few of its members. What a place this world would be if everyone adopted your hyper-stereotyping attitude!

Life is better without partisan blinders on.

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