The automotive industry is once again involved in politics and more specifically, this year’s presidential elections. This time it’s Republican candidate former Massachusetts Governor, Mitt Romney, who attacked President Barack Obama’s handling of the 2009 bailout.
In an op-ed published today at the Detroit News, Romney criticizes Obama of “instead of doing the right thing and standing up to union bosses, he rewarded them”.
Romney stated that the companies should have entered and then exited bankruptcy, but that “by the spring of 2009, instead of the free market doing what it does best, we got a major taste of crony capitalism, Obama-style.”
Read more »
