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Edward Niedermeyer: Romney's Plan Would Also Have 'Saved' Detroit
Keywords:
The Auto Industry Bailout and Mitt Romney
01/06/2008
Mitt Romney opposed the auto industry bailout. An article by Romney with the title "Let Detroit Go Bankrupt," appeared in the New York Times at the time of the bailout. Auto executive Bob Lutz says he was profoundly disappointed by Romeny's position, as the situation was at a point where government loans were necessary. Auto executives see the vindication of their position in the recovery of Chrysler, GM and Ford Motor. In a bit of irony Romney, who is from Michigan, announced his candidacy for the 2008 presidential election at the Ford Museum in Dearborn. GM and Chrysler went into bankruptcy, but this was a planned bankruptcy, with the support of the U.S. government and a pathway set with loans and conditions so that would lead to eventual recovery. The fear was that a chaotic bankruptcy process would permanently impair the American auto manufacturing industry- and the planned bankruptcy with government conditions and loans was meant to avert this and still allow shedding or restructuring of burdensome obligations- as this way buyers would still have confidence to buy automobiles from GM and Chrysler. Auto executives point out that the private markets had already shut out GM and Chrysler from financing. Retired GE executive supported a planned bankruptcy with government help, because of the importance of the auto industry to the U.S. economy, in the Nov. 18, 2008 issue of Business Week.
Grouped Articles
Cost of Bailouts Continues to Decline
Wall Street Journal 05/10/2013
New York Times 12/27/2011
U.S. Remaining Stake in General Motors
Wall Street Journal 12/10/2013
U.S. Car-Making Boom? Not for Auto-Industry Workers
Wall Street Journal 03/24/2015
Bailout Stand Trails Romney in Car Country
New York Times 02/19/2012
Dow Chemical's CEO on How to Revive Manufacturing
Wall Street Journal 02/23/2012
The influence of George Romney, three term governor of Michigan and U.S. presidential candidate in 1968, on Mitt Romney and the Romney campaign
10/10/2012
George Romney was more spontaneous and aggressive than the cautious Mitt Romney. A problem this created was during the 1968 presidential campaign when he said his early support for the Vietnam war was because of a lot of brainwashing, which suggested to voters that he lacked foreign policy experience. He withdrew shortly therafter. This and the lack of preparation and funding for that 1968 campaign has had a significant influence on Mitt Romney. During the final weeks of the campaign the assets of the more aggressive father have come back from memory to Mitt Romney as he makes an effort to come back from behind. Mitt's wife Ann says he scribbled the word "Dad" on a page at the lectern before the beginning of the first presidential debate with Obama.
Grouped Articles
Lessons From a Father's Campaign
Wall Street Journal 10/10/2012
The Dividends of Romney's Debate Victory
Wall Street Journal 10/13/2012
Wall Street Journal 11/01/2012
Edward Niedermeyer: Romney's Plan Would Also Have 'Saved' Detroit
Wall Street Journal 11/03/2012
Mitt Romney: A New Direction For America
Wall Street Journal 11/02/2012
Romney's comment about 47% of the American people who would automatically support President Obama
09/17/2012
Romney's comment was that the 47% of the American people who receive government benefits would automatically support President Obama because Republicans were for cutting taxes and reducing entitlements.
Grouped Articles
The Data Behind Romney’s 47% Comments
Wall Street Journal 09/18/2012
In Video Clip Romney Calls 47% of People "Dependent" and Feeling Entitled
New York Times 09/17/2012
New York Times 09/17/2012
On a Challenging Day, Romney Seeks to Shift to His Policy Specifics
New York Times 09/17/2012
Mitt Romney’s ‘47 percent’ fantasy - The Washington Post
Washington Post 09/18/2012
New York Times 09/18/2012
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