Wednesday, May 25, 2011

Chrysler Pays Uncle Sam $5.1 Billion & Romney Does A Romney

The success of forcing GM and Chrysler into bankruptcy court to slash their costs and of recapitalizing the companies with taxpayer funds once costs were slashed is now not contestable with both companies hiring, making money, and paying back taxpayer funds. Chrysler paid back $5.1 billion on tuesday.  The rescue saved about 1 million jobs in the companies, their suppliers, and businesses dependent on revenues from people working there.

Success has a thousand fathers and failure is an orphan. The newest father of the GM and Chrysler rescue is Governor Romney. 

Strange indeed, as he joined nearly every Republican in 2008 and 2009 in savaging President Obama for the auto rescue that President Bush began in the last days of his presidency. 

But yesterday Romney's spokesperson, Eric Fehrnstrom, told the New York Times: "Mitt Romney had the idea first. You have to acknowledge that. He was advocating for a course of action that eventually the Obama administration adopted."

So Romney supposedly was for the Auto Rescue Package, then he was against it when Obama became for it, and now he is again for it.

As former Michigan Governor Granholm said: "Mitt Romney is doing circus-like contortions to get out from under the damaging words he uttered in 2008." 

Romney is  good at circus-like contortions since he practices doing them so often.

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