The Obama administration’s decision to rescue General Motors, Ford, and Chrysler in 2008 spurred hyperbolic criticism from Republicans who viewed the financial aid as “the road to socialism” and “a war on capitalism.” However, as the Wonk Room’s Pat Garofalo reported, the companies are regaining strength and proving profitable once again. Indeed, not only is General Motors set to add 2,500 jobs at its Detroit plant, but Chrysler recently paid back $7.5 billion in government loans. In view of the auto recovery’s success, “the GOP hasn’t been advertising its previous denunciations.”
In fact, one outspoken critic is now actually trying to take credit for the auto rescue: GOP presidential candidate Mitt Romney. Slamming Obama’s decision as “tragic” and “a very sad circumstance for this country” in 2009, Romney’s camp is now actually claiming that “Mitt Romney had the idea first“:
In fact, one outspoken critic is now actually trying to take credit for the auto rescue: GOP presidential candidate Mitt Romney. Slamming Obama’s decision as “tragic” and “a very sad circumstance for this country” in 2009, Romney’s camp is now actually claiming that “Mitt Romney had the idea first“:
