Romney ‘Delighted’ GM is Profitable, Credits Managed Bankruptcy

Here go with Mitt again; he was definitely against the bailout, now he’s for managed bankruptcy (that was included in the bailout).

Mitts just sorry GM didn’t go broke so he and Bain could strip the assets, lay off thousands of employees and sell GM to the Chinese.

HUH??? He was against the “bailout” and now he says he was in favor of it? As for the Governor of Michigan, I have not read too much good about him – especially his “Emergency manager” appointments. It seems mostly minority cities with Democratic councils, etc are being taken over. He is single-handedly doing away with the entire Democratic process with these appointments because the managers take total control of the cities/towns.

Corporations who file for bankruptcy unload their debt…this means that thousands of small companies GM owed money to won’t get paid or will get 10 cents on the Dollar (if they’re lucky). In effect, a company who files for bankruptcy effectively screws everyone out of the money they are owed and it is never paid. The next day, the company comes back with 0 debt and holds a press conference saying they are a “New” company. Companies should NOT be allowed to file for bankruptcy, if they can’t survive then they should close their doors and use the selling off of assets to pay those they owe money to. Incredible that Romney actually admits he helped GM manage their bankruptcy! He’s proud that he helped GM stiff thousands of people out of the money they needed to be paid and now they never will see a dime of it.

TM….. GM only shows a profit in the US, has losses in south America and Europe, the only thing that helped GM is the Tsunami which interrupted Honda and Toyotas supply line. Now GM is planning to give bonuses of $7000 to every UNION worker, but not pay back a DIME to the US taxpayer. What will happen to GM when Honda and Toyota are back at full speed.

Mitt Romney is one of the biggest sleaze bags on the planet, he runs almost neck to neck with Newt, as far as him driving a Canadian built Chrysler in his BULL CRAP political ads, what else would you expect from such a huge hypocrite.
I thought GW Bush was the worst President we have ever had, but if Mitt was to be elected, Gdub would end up looking like a saint, Mitt Romney is the most wishy washy person I have ever seen, he is nothing but a yes man. It wouldn’t surprise me if he were to change political parties just because he thinks it’s the only way he could win an election. The best thing for ol Mitt to do after he loses is to go away and never show his face in a political arena again.

MI GOP voters are intelligent. They know how Romney did and what he said. In a state where 4 out of every 5 households are dependent upon the health of the auto industry in some way or another, Romney has as much chance of winning in 18 days as I do – none.

In accordance with the insane GOP policy of opposing everything Obama proposes, Romney opposed the auto bailouts which workked. Now these bailouts are largely repaid, payroll taxes are flowing in and MI economy has improved. All Romney and Santorum can do is to pay this picture as negative as possible.

what a wonderful example of the corp spin machine – I’m glad to see the above comments showing the wool will not be pulled over all eyes. Shame on you ABC Non news!! Mitt is a lier – the one year of income we do know about was, I believe $57,000 per day without even getting out of bed. Only paying 15 % tax – if that!! The one per-centers have been taking advantage too long!!