Despite his 2008 call to "let Detroit go bankrupt," presumptive Republican presidential nominee Mitt Romney said Monday that he would "take a lot of credit" for his impact on the U.S. automobile industry's comeback.
During an interview with WEWS-TV in Cleveland following a campaign stop, Romney said his views helped save the industry.
"I pushed the idea of a managed bankruptcy," Romney said. "And finally, when that was done, and help was given, the companies got back on their feet. So I'll take a lot of credit for the fact that this industry's come back."
Both General Motors and Chrysler ended up taking the massive federal loans supported by both President Barack Obama and former President George W. Bush. The bailout included managed bankruptcy filings for both companies. According to the federal judge who presided over Chrysler's bankruptcy in 2009, the company would not have survived without the bailout. Ford survived without taking a government loan.
Romney's stance on the bailouts and his infamous 2008 New York Times op-ed "Let Detroit Go Bankrupt," have come up throughout the campaign, especially ahead of February's primary in Michigan. In that editorial, Romney argued that a government bailout for ailing auto giants Chrysler and General Motors would do more harm than good.
"If General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye," Romney wrote. "In a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check."
Romney also spoke out on his opposition to the government loaning money to the industry in 2009, placing some of the blame on Bush.
"Bailout of enterprises that are in trouble, that's not the right way to go," Romney told CNN's Larry King in 2009. "I know President Bush started it with the auto industry. I thought it was a mistake."
Obama's campaign immediately responded to Romney's comments on Monday evening, stating that Romney was attempting to "fool" the public.
“Mitt Romney may think he can fool the American people by hiding his belief that we should ‘let Detroit go bankrupt,’ but the American people won’t let him," Obama campaign co-chair Ted Strickland said in a statement, referencing Romney's Times editorial. "Mitt Romney seems to think Americans will just forget the past and his very vocal and clear opposition to the successful auto rescue."
Chrysler, now majority-owned by Italy's Fiat, has since paid back all but $1.3 billion of its $12.5 billion government loan. According to CNN, taxpayers were $25.5 billion short on the $50 billion G.M. bailout as of February.
Watch Romney's full interview below:
Below, scroll through some of Romney's most awkward interactions with humans:
Oh, My Goodness!
At a campaign stop this spring in Derry, New Hampshire, Mitt Romney pulled a gag that raised eyebrows. While posing for a photo with his arms around the waitresses at Mary Ann's Diner, Romney suddenly jumped forward, acting as if someone had pinched his hind quarters."Oh, my goodness gracious!" he exclaimed. The GOP presidential candidate later said he was "just teasing" and the gag is "kind of fun to do."
Chrome For The Hollandaise
On the same Granite State visit, Mitt Romney stopped off at Blake's Restaurant in Manchester. On the way out he met with the diner's owner <a href="http://www.slate.com/blogs/weigel/2011/06/14/mitt_romney_vs_diners.html" target="_hplink">and cracked this egg</a>: <blockquote>I saw a young man over there with eggs benedict. He had the eggs benedict with a hollandaise sauce and the eggs, there. And I was going to suggest to you that you serve your eggs with hollandaise sauce and hubcaps. Because there's no plates like chrome for the hollandaise!</blockquote> <em>Get it!?</em> The owner laughed politely.
Know Each Other?
Trying to make small talk with patrons at a New Hampshire diner, Romney asked a married couple sitting in a booth together, "You know each other?" Other Romney conversation nonstarters, <a href="http://www.washingtonpost.com/opinions/a-day-of-awkwardness-with-mitt-romney/2011/06/14/AGApq6UH_story.html" target="_hplink">via The <em>Washington Post</em></a>: <blockquote>To a man wearing a "Joe Gauci Landscaping" T-shirt: "You do some landscaping work?" To two older women who just came from the gym: "Are your knees, hips doing okay?" ... Romney seemed to be auditing one man: "What's happened to your financials the last couple of years?"</blockquote>
'I'm Also Unemployed'
On the campaign trail in Florida, Romney and a small group of voters discussed unemployment and how to find a job in the struggling economy. The GOP presidential candidate worth more than $200 million chimed in, "I should tell my story. I'm also unemployed." The crowd laughed and asked if he was on LinkedIn. "I'm networking," Romney said, "I have my sight on a particular job."
Who Let The Dogs Out?
In the now-infamous video from Romney's 2008 presidential bid, Mitt is seen meeting with voters at a Martin Luther King Day parade in Florida. After nervously approaching a crowd of youngsters and awkwardly weaving his arm into the huddle, he randomly <a href="http://www.huffingtonpost.com/2008/01/22/mitt-romney-who-let-the-d_n_82486.html" target="_hplink">blurted out</a>, "Who let the dogs out? Whoo Whoo!" For the full effect, watch the YouTube video above.
Anyone Over 100?
At a town hall event at a senior center in New Hampshire, Mitt Romney asked the elderly audience if anyone was over 100 years old. The exchange, <a href="http://dailycaller.com/2011/08/25/romneys-awkward-senior-moment/" target="_hplink">via the Daily Caller</a>: <blockquote>"Anybody here over 100 years old?" Romney asked. Crickets. "Not yet, but we're getting there, right? We're on our way," continued Romney. "We're hopefully going to get there soon." "Well, not so soon. We hope to get there safe and sound."</blockquote>
Airplane Scuffle With LMFAO Rapper
In February 2010, Mitt Romney got into a <a href="http://www.huffingtonpost.com/2010/02/15/mitt-romney-threatened-on-plane_n_463322.html" target="_hplink">scuffle on an airplane</a> traveling back from the Winter Olympics in Vancouver. A Romney spokesman initially told reporters that a passenger became "physically violent" after Romney asked him to move his seat upright for takeoff. Rapper "Sky Blu from the group LMFAO later identified himself as the passenger, saying Romney loudly told him several times to straighten his seat. When Romney reached forward and grabbed Blu's shoulder, the rapper knocked Romney's hand away. <a href="http://www.mtv.com/news/articles/1632218/lmfaos-sky-blu-was-other-man-mitt-romneys-plane-fight.jhtml" target="_hplink">From MTV</a>: <blockquote>If Romney had asked nicely, Blu said he might have put his seat up, but since he was so rude ... Well, next thing you know, Blu said Romney reached out and put his hand on his shoulder and asked him again to put his seat up. </blockquote> <a href="http://www.huffingtonpost.com/2010/02/18/mitt-romneys-fight-with-a_n_468407.html" target="_hplink">Blu said</a>, "And I didn't take it any further than that. I just wanted the man not to touch me; that's it."
At a campaign stop in Colorado, Romney mingled with patrons at a Mexican joint in Denver. From <a href="http://www.washingtonpost.com/politics/romney-sharpens-attack-on-dodd-frank-financial-regulations/2011/06/20/AGPbUwdH_story.html" target="_hplink"><em>The Washington Post</em></a>: <blockquote>At one table, a boy offered Romney a $1 bill that he had folded origami-style for good luck. The candidate happily accepted it, but then rifled through his wallet looking for money to give the boy in return. Romney had a $100 bill, but evidently did not want to give that away. An aide handed him a $1 bill, but Romney said that wasn't enough. Then, deep inside his leather billfold, Romney found a $5 bill. "We'll give you an Abraham Lincoln back," he said, handing it to the boy.</blockquote>
Mingling with voters at a <a href="http://www.washingtonpost.com/politics/mitt-romney-reaches-out-but-often-lacks-common-touch/2011/10/21/gIQAkUVc7L_story.html?hpid=z3" target="_hplink">campaign stop in Iowa</a>, Romney ordered a plate of fried chicken, corn and baked beans. While chatting with the market's owner, Romney, ever the business executive, curiously referred to the meal as a "product."
Politicians Get Recognized
<a href="http://www.politico.com/news/stories/0711/59002.html#ixzz1biat38lC" target="_hplink">Courtesy of Politico</a>, this video shows Romney trying his hand at comedy during a campaign stop in New Hampshire. Romney talks to the crowd about how his four years in politics compare to his 25 years in the private sector, and how politicians get recognized in public. <blockquote>I was in the Newark airport, flying to Boston, and I was reading my newspaper and I heard someone shriek and I looked up and she was pointing at me. She had on a cowboy hat, cowboy boots; she was a Chinese exchange student. I knew she wasn't Texan because she had her jeans tucked into her boots. She pointed at me and she said, 'You're John Kerry!" And I said, "I sure am."</blockquote> For the full act, and the audience non-response, check out the video above.
Aloof Plane Flight
Mitt Romney displayed some particularly aloof behavior when a passenger sitting next to him on a fight to Boston tried to strike up conversation, <em>The New York Times</em> reported Nov. 6. <a href="http://thecaucus.blogs.nytimes.com/2011/11/06/in-flight-romney-is-aloof-with-fellow-passengers/" target="_hplink">From the <em>Times</em></a>: <blockquote>According to Ms. McClanahan, about an hour into the flight -- which Mr. Romney mostly spent reading <em>USA Today</em> and using an iPad while wearing headphones -- she told him her idea for improving the American health care system: slashing overhead costs by switching to an electronic billing system. "He looked at me blankly and said, 'I understand,' then put his iPad headphones in and kept reading," she said.</blockquote> When another passenger asked Romney for a restarauant recommendation in Boston, he told her "I can't give you any .. You'll have to ask someone else," according to the article.
For 15 years Mitt Romney ran the private equity group Bain Capital. The successful financial company earned him millions. <a href="http://articles.latimes.com/2007/dec/16/nation/na-mittbain16" target="_hplink">An <em>Los Angeles Times</em> article</a> about Romney's career at Bain painted a picture of the businessman under strain. "In tense meetings, he sometimes perspired so heavily it became an office joke. Or he nervously flapped his tie and said, "Oooohhh, what do we do now?" former colleagues told the paper.
When Romney entered the 2008 presidential race, he released a <a href="http://www.myspace.com/video/mittromney/the-decision/16602414" target="_hplink">13-minute video </a>of his family aimed at humanizing him. The video, titled "The Decision," went viral, but not for the reasons Romney wanted. The short film is narrated mostly by his wife Anne Romney, who comes across as charming, personable and engaging, while the rest of the scene gives off a cloying whiff of privilege, cloister and artificiality. Mitt sits down with his family to discuss the pros and cons of running for president, although Anne had already admitted that the decision had basically been made earlier, undermining the conceit of the filmed family gathering. Mitt, apparently unable to behave informally even with his family, whips out a white legal pad to take notes on his family's discussion. "Let me ask: How do you minimize the downsides?" the business executive asks his sons and daughters. Tagg Romney, who suggests he runs, has one warning for his pop: "The country may think of you as a laughing stock."