Mitt Romney: Obama 'Took Detroit Bankrupt'

GOP candidate criticizes President Obama's bailout of the auto industry.
3:00 | 10/16/12

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Transcript for Mitt Romney: Obama 'Took Detroit Bankrupt'
And one thing that that the president said which I want to make sure that we understand he he said that I say we should take Detroit bankrupt. -- and that's right my plan was to have the company goes through bankruptcy like 7-Eleven did it may season and that -- airlines and come out stronger. At and I know he keeps saying he wanted to take you try bankrupt well the president took Detroit bankrupt you took General Motors bankrupt. You took -- -- bankrupt so when you say that I wanted to take the auto industry bankrupt. You actually did. And and I think it's important to know that that that was a process that was necessary to get those companies back on their feet. So they could start hiring more people that was precisely what I recommended and ultimately what happened let me let them get the -- -- What governor Romney -- just -- control. You -- take them into bankruptcy without providing them any way to stay open. And we lost -- million jobs. And that don't think my work force picked the executives at GM and Chrysler some of whom were Republicans -- -- governor -- The -- targets prescription wasn't -- work.

This transcript has been automatically generated and may not be 100% accurate.

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