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Romney Blasts Bailouts During Michigan Debate

Candidate contends efforts “wasted billions of dollars.”

by on Nov.10, 2011

Candidate Romney during a 2008 campaign appearance - before the bailouts of GM and Chrysler.

He may have strong ties to Michigan – where his father once served as governor – but presidential contender Mitt Romney has little good to say about the government bailouts that saved two of that state’s “Big Three” automakers.

In fact, he leveled his latest criticism of the federal aid handed out by Presidents George W. Bush and Barrack Obama during an appearance in the shadow of Chrysler’s headquarters in the Detroit suburb of Auburn Hills.

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Contending “Michigan was the pride of the nation,” when his father George was governor, Romney asserted that the multi-billion-dollar rescues for Chrysler and General Motors “wasted billions of dollars initially,” and were “the wrong way to go.”