He’s kidding, right? Did I just hear Mitt Romney say,Â “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,Â 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 jobÂ â€“Â EVERY jobÂ â€“Â to China.
Just after Nation broke the story, Washington newsletterÂ The HillÂ 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
Mitt Romneyâ€™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 Romneyâ€™s November 2008 New York Times op-ed,â€œLet Detroit Go Bankrupt.â€
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 bailoutâ€”and a few of Romneyâ€™s most important Wall Street donors made more than $4 billion. Their gains, and the Romneysâ€™, were astronomicalâ€”more than 3,000 percent on their investment. …more