• Mitt Romney "Takes a Lot of Credit for" the U.S. Auto Industry Revival

    Every once in a while, after periods of feeling like I cannot be surprised by U.S. politics any more, I hear something magical, and… and… it's like… it's like I'm an wide-eyed child full of wonder all over again

    Campaigning in the backyard of America's auto industry, Mitt Romney re-ignited the bailout debate by suggesting he deserves "a lot of credit" for the recent successes of the nation's largest car companies

    "I pushed the idea of a managed bankruptcy, and finally when that was done, and help was given, the companies got back on their feet," Romney said in an interview inside a Cleveland-area auto parts maker. "So, I'll take a lot of credit for the fact that this industry has come back."

    I am genuinely shocked. I did not realize that this was a thing that was capable of happening. If a person who famously wrote a New York Times op-ed called "Let Detroit Go Bankrupt" and said during a debate just a few month ago

    My view with regards to the bailout was that whether it was by President Bush or by President Obama, it was the wrong way to go. I said from the very beginning they should go through a managed bankruptcy process, a private bankruptcy process…

    My plan, we would have had a private sector bailout with the private sector restructuring and bankruptcy with the private sector guiding the direction as opposed to what we had with government playing its heavy hand.

    …can just turn around and take credit for the opposite of that happening, well, then I've just been living my life all wrong.

    Where is my Academy Award for Platoon. I was 13 when that movie came out, and I didn't really have anything to do with it. But I saw it, so I'll take a lot of credit for the fact that it won Best Picture. Also, I'll be taking a lot of credit for the invention of Chunky Monkey ice cream, the discovery of the Hawaiian islands by migrating Polynesians several thousand years ago and, what the hell, the formation of sand.

    Related: Mitt Romney Takes Brave Stance Against Taking Brave Stance

    Photo by Scott Olson/Getty Images News/Getty Images

    Tags: Auto Industry, Michigan, Mitt Romney


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