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Mitt Romney Takes Credit for Auto Industry Success

Jim Rogash, Getty Images

As Presidential hopeful Mitt Romney campaigns in Michigan today, he’s vigorously patting himself on the back for the recent success of the auto industry.

According to the Associated Press, Romney says he “deserves a lot of credit” for getting the nation’s biggest car makers back on their feet, and told a Cleavland TV station that President Obama followed his lead when navigating the auto industry through a managed bankruptcy.

“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.”

Romney’s critics are quick to point out that the Republican took a much different tact in 2008 when he wrote an opinion article for the New York Times in November of 2008.

“If General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed.”

Obama’s camp has called Romney’s latest claim “a new low in dishonesty,” and is calling for him to have the “courage and integrity” to admit he’s wrong.


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