Now Romney says he was always in favor of the Obama rescue plan. “I think the Obama Administration finally did what I told them they had to do,” he said to the Detroit Free Press on Wednesday. Could his new found enthusiasm for the rescues have anything to do with the extraordinary success of them?
Mitt Romney was for President Obama’s rescue of the auto companies before he was against it. Or maybe he has always been against it. Like so much else about Romney, it’s impossible to tell from his myriad, often contradictory statements. Back in November 2008, he wrote a New York Times Op-Ed piece that was headlined, […]
In the spring of 2009, the senior secured debt of Chrysler LLC, America’s number three auto manufacturer, was trading at about 15 cents on the dollar, putting a value of about $1 billion on the lagging car company. As part of the company’s bankruptcy and restructuring, the U.S. government agreed to pay $2 billion to […]
The decision by Standard and & Poor’s to change the United States’ credit outlook to negative was simultaneously unwelcome and welcome. It immediately sent the stock market shuddering into a significant drop. But on a brighter note, perhaps it will help serve as a wake up call to legislators in Washington that America’s fiscal position […]
