Despite his opposition to bailout, Romney claims `a lot of credit' for auto industry success
Jae C. Hong/Associated Press - Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks at a town hall-style meeting in Euclid, Ohio, Monday, May 7, 2012.
By Associated Press, Published: May 7
EUCLID, Ohio - Campaigning in the backyard of America's auto industry, Mitt Romney re-ignited the bailout debate by suggesting he deserves "a lot of credit" for the recent successes of the nation's largest car companies.
That claims comes in spite of his stance that Detroit should have been allowed to go bankrupt.
The presumptive Republican presidential nominee told a Cleveland television station on Monday that President Barack Obama followed his lead when he ushered auto companies through a managed bankruptcy soon after taking office.
"I pushed the idea of a managed bankruptcy, and finally when that was done, and help was given, the companies got back on their feet," Romney said in an interview inside a Cleveland-area auto parts maker. "So, I'll take a lot of credit for the fact that this industry has come back." ...