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AFL-CIO Now

Romney Saved the Auto Industry—and I'm Santa

Photo credit: Gage Skidmore

We don't usually spend time following presumptive Republican presidential nominee Mitt Romney's Etch A Sketch flip-floppery. But this one goes too far to ignore.

Romney, of "Let Detroit go bankrupt" fame, now says he should get credit for the resurgence of the U.S. auto companies.

Really.

"I'll take a lot of credit for the fact that this industry's come back," he says.

Fact is, the "managed bankruptcy" Romney pushed for would have been disastrous, coming too late to help had the Obama administration not extended emergency survival bridge loans.

"Romney has been vocally opposed to the auto loans for the past three years," says UAW President Bob King. "But now he's claiming credit for President Obama's intervention to save the industry.

"The successful recovery of the American auto industry is a great national success story that most Americans are very proud of," King says. "It's an example of how business, labor and the government can work together to find solutions to some of the nation's most difficult problems. Mitt Romney's values of profits-over-people are wrong for Michigan, wrong for workers and wrong for all Americans who value hard work, shared sacrifice and shared prosperity."

Former "auto czar" Steve Rattner told Talking Points Memo:

I’ve read, I think, everything Romney’s had to say on this subject, and the level of flip-flopping and dissembling is truly mind-boggling. He’s been on every side of the auto rescue at different times and said different things, so it’s hard to know what he honestly thinks.

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