Fist hasn't linked to it in a while, so, maybe Newsmax went all liberally or something and no one else realized.
Quote:
In an unusual editorial-page response to Romney, the Detroit News said Romney was wrong to suggest there was a private-sector alternative to the government-funded rescue that began with $17 billion in bridge loans extended by then-President George Bush.
Industry executives also challenged Romney's claim there was a private alternative to government funding at the depth of the credit crisis.
"This is the lie that gets told again and again and again — government intervention wasn't necessary, that this was creeping socialism, that Obama wants to take over or give a sweetheart deal to the unions," Lutz told Reuters.
Mike Jackson, chief executive of the auto dealership group AutoNation, called Romney's opinion piece "reckless, detached from reality and dishonest."
"It was Bush that stepped in with the bailout," said Jackson, also a Republican, told Reuters. "Mitt's assertion that private financing was available in fall of 2008 into 2009 is fantasy."
The Center for Automotive Research, an Ann Arbor, Michigan-based think-tank supported by the auto industry, estimated more than 1 million jobs would have been lost if GM and Chrysler had been allowed to fail.
David Cole, the now-retired head of the center, said he believed then that the failure of government intervention would have been catastrophic. "Had a company like GM shut down, it would have shut the entire industry down," said Cole, who describes himself as a conservative.
One Detroit-based auto industry adviser who asked not to be named said he had been inclined to vote for Romney before the most recent controversy. "But for me, this just calls into question his judgment," he said.
Steve Rattner, a Democrat and the former head of the Obama administration's auto task force, called the idea of a privately funded restructuring of GM and Chrysler "utterly fantastical."
"No one — I repeat, no one — had the slightest interest in funding these companies on any terms," Rattner said in a blog.
Read more on Newsmax.com: Detroit to Romney: Get Real on Auto Bailout
In an unusual editorial-page response to Romney, the Detroit News said Romney was wrong to suggest there was a private-sector alternative to the government-funded rescue that began with $17 billion in bridge loans extended by then-President George Bush.
Industry executives also challenged Romney's claim there was a private alternative to government funding at the depth of the credit crisis.
"This is the lie that gets told again and again and again — government intervention wasn't necessary, that this was creeping socialism, that Obama wants to take over or give a sweetheart deal to the unions," Lutz told Reuters.
Mike Jackson, chief executive of the auto dealership group AutoNation, called Romney's opinion piece "reckless, detached from reality and dishonest."
"It was Bush that stepped in with the bailout," said Jackson, also a Republican, told Reuters. "Mitt's assertion that private financing was available in fall of 2008 into 2009 is fantasy."
The Center for Automotive Research, an Ann Arbor, Michigan-based think-tank supported by the auto industry, estimated more than 1 million jobs would have been lost if GM and Chrysler had been allowed to fail.
David Cole, the now-retired head of the center, said he believed then that the failure of government intervention would have been catastrophic. "Had a company like GM shut down, it would have shut the entire industry down," said Cole, who describes himself as a conservative.
One Detroit-based auto industry adviser who asked not to be named said he had been inclined to vote for Romney before the most recent controversy. "But for me, this just calls into question his judgment," he said.
Steve Rattner, a Democrat and the former head of the Obama administration's auto task force, called the idea of a privately funded restructuring of GM and Chrysler "utterly fantastical."
"No one — I repeat, no one — had the slightest interest in funding these companies on any terms," Rattner said in a blog.
Read more on Newsmax.com: Detroit to Romney: Get Real on Auto Bailout
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“Science is like sex: sometimes something useful comes out, but that is not the reason we are doing it.†– Richard Feynman
rint