Former Obama administration auto czar Steve Rattner called Romney’s position on the $85 million bailout “clueless.”
“Romney’s op-ed piece once again demonstrated that he is either completely clueless or thoroughly disingenuous when it comes to the auto rescues,” Rattner said Tuesday. “The fact is that had the government not stepped in (under both President Bush and Obama), GM and Chrysler would have closed their doors and liquidated, bringing down the entire auto sector, with them. With suppliers also closed, Ford would have had to shut, at least for a time. More than a million jobs would have been lost. Michigan, and the entire industrial Midwest, would have been devastated.”
“Romney’s suggestion that private capital could have been found is utterly fantastical. The Auto Task Force spoke diligently to every conceivable provider of funds and at that moment, with the stock market in free fall and the economy shedding 700,000 jobs a month, no one — I repeat, no one — had the slightest interest in funding these companies on any terms. I challenge Romney to produce one single individual, investment fund or other source of money that can demonstrably disprove the conclusion of every member of the Auto Task Force and virtually every independent expert who was consulted.”
Well, hell yeah. How can memories be so short? It was only three years ago. Those were nail-biting days around here. Around everywhere. But especially here. The government arranged a shotgun marriage between Fiat and Chrysler. Private equity? Private equity was all on the phone with its bankers in Geneva, screaming about krugerrands and safe rooms.
Still, tomorrow Romney will win the endorsement of the governor. No hard feelings, I guess. Whether it’ll be enough to fend off the Santorumentum remains to be seen. Two weeks to the primary, and the ads are just starting. Here’s one of Romney’s. It’s kind of the opposite of the imported-from-Detroit spots — Detroit sucks, ain’t it a shame? Rope-a-dope!
And I think the Hoekstra ad was a rousing success, having spread his name far and wide, even as every passing day brings more umbrage. Mission accomplished.
I can already feel the teeth-grinding setting in. Oh, it’s 2008 all over again.
Can we lighten up? Sure.
The hair and shoes I’m not crazy about, but I really like this dress of Katy Perry’s. I’m such a sucker for a good color-blocking.
Sorry, can’t stay light. Vaginal-damn-wanding? Are you kidding me? I think Roy has the best one-liner on this.
I’m going to bed.