Sunday, February 19, 2012

Romney: Managed bankruptcy is why auto industry came back

Farmington Hills— Mitt Romney returned to his native Metro Detroit on Thursday and said he wouldn't have let the U.S. auto industry disappear in the depths of the recession when government loans were used to keep them afloat.

The former Massachusetts governor also called himself the "underdog" in Michigan's primary, a contest he handily won four years ago but has struggled to secure a stronghold Thursday.

Romney has been dogged in Michigan by his opposition to more than $80 billion in federal loans to automakers he has sharply criticized.

Read the rest of the article at Detroit News

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