Huffpost Politics

Obama Says Mitt Romney Claiming Credit On Auto Industry Recovery Marks 'Etch-A-Sketch' Moment

Posted: Updated:

(AP/The Huffington Post) President Barack Obama says Mitt Romney is having an "Etch-A-Sketch moment" when he claims credit for the revival of the U.S. auto industry.

Obama says people remember that Romney's stance was that Detroit should have been allowed to go bankrupt. Of Romney's insistence this week that he deserves credit for the auto industry's success, Obama says "I don't think anybody takes that seriously."

In an interview with ABC News, Obama says Romney's plan for letting car companies go bankrupt would have cost the economy about one million jobs in the Midwest. GM and Chrysler went into bankruptcy on the strength of a massive bailout set up by the Obama administration.

Romney wrote in a 2008 editorial that if the bailout were enacted, "you can kiss the American automotive industry goodbye."

HuffPost's Mollie Reilly relays background on the issue as it relates to Romney:

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."

Below, a slideshow of some of Mitt's most awkward moments.

Close
Awkward Mitt Romney
of
Share
Tweet
Advertisement
Share this
close
Current Slide

Around the Web

Right Klik: Obama's Etch-A-Sketch

 
Register To Vote