Last week, I flew to Detroit with my team at the request of a major west coast publication. When I landed, they got cold feet; assignment cancelled. Without funding to continue ...more
He’s kidding, right? Did I just hear Mitt Romney say, “I would do nothing to hurt the US auto industry”
Here’s the facts, ma’am:
As I reported in this week’s Nation magazine cover story “Mitt Romney’s Bail-out Bonanza“, the Romneys are in a special partnership with the vulture fund that bought Delphi, the former GM auto parts division.
[Watch our Democracy Now! report on the Romney group’s auto plant closures.]
The Romney vulture fund investment syndicate shipped every single UAW production job – EVERY job – to China.
Just after Nation broke the story, Washington newsletter The Hill received the Romneys admission of profiteering:
“Romney’s campaign did not deny that he profited from the auto bailout in an email to The Hill, but it said the the report showed the Detroit intervention was ‘misguided.'”
The truth? On June 1, 2009, the Obama Administration announced …more
How Mitt and Ann made millions and Mitt’s hedge fund donors made billions from the auto-industry rescue that he condemned.
By Greg Palast for The Nation Magazine
Mitt Romney’s opposition to the auto bailout has haunted him on the campaign trail, especially in Rust Belt states like Ohio. There, in September, the Obama campaign launched television ads blasting Romney’s November 2008 New York Times op-ed,“Let Detroit Go Bankrupt.”
Elements of this article appear in Palast’s brand new NYT bestseller:
Billionaires & Ballot Bandits: How to Steal an Election in 9 Easy Steps
Watch Palast talk about this expose on Democracy Now!
But Romney has done a good job of concealing, until now, the fact that he and his wife, Ann, personally gained at least $15.3 million from the bailout – and a few of Romney’s most important Wall Street donors made more than $4 billion. Their gains, and the Romneys’, were astronomical – more than 3,000 percent on their investment. …more