Bailout Works News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sidelines, by saying what a hypothetical president romney would do if he were in the white house at that moment. it was in that context that mr. romney, the former governor of massachusetts, made his now really, really famous argument for what the nation should do about the auto industry when it was at its worst. his advice was, let detroit go bankrupt. at the time mr. romney wrote this, his republican party had already lost the white house to democrat barack obama. the outgoing president bush was about a month away from invest billions in chrysler and gm in consultation with that new incoming...

Stance. wow, mitt romney is so anti-bailout, he is willing to kill the whole american auto industry. that takes a certain kind of courage, right? because if that bailout works. if it it happens and it works, it will be really hard to run for anything ever again once you become the don't bail them out guy. >> there's no question, but if you just write a check that you're going to see these companies go out of business, ultimately. >> bailouts of enterprises that are in trouble, that's not the right way to go. and i know president bush started it with the auto industry. i thought it was a mistak...