It has been a while since I have posted on here, but with school, graduation, and job searching behind me now, I'm able to get back to this. I'm going to do a special segment every Saturday called "You have got to be kidding me?!" about stupid things Republican politicans do or say. For this inaugural edition, Mitt Romney gets the award.
Earlier this week, Chrysler announced that it backed all of it's loans earlier, with interest. This is great news for the auto industry, since GM paid back their loans last year and went back on the stock market earlier this year and by year's end, Chrysler is poised to be back on the open market also. It was also anounced that Fiat is taking more ownership of Chrysler, possibly up to 57%, giving it majority control. Now all of this is great news, until a certain GOP presidential hopeful chimed. Mitt Romney is now trying to take credit for the auto bailout working, after saying back in 2009 that the Detriot Three should just go bankrupt. Granted General Motors and Chrysler did declare bankruptcy, but it was a structured form of Chapter 11, which let new companies formed by the old ones and the government take control of the assets. What Romney was pushing for was Chapter 7 liqudation, which would have opened the doors for foreign companies, especially the Chinese. Now this would have been horrible for our economy, especially considering the condition it was in at that point in time. But this seems to be a trend with people in the GOP, not just Romney. President Obama will make a controversial decision, the GOP will give him heat for it. The decision proves to work, the GOP will somehow take credit for it, even if they voted against it. And the success of the bailout more than proved the GOP wrong and vindicated the president. GM has retaken the top spot on the sales chart in the US, Ford (while not taking any government money) has benefited from GM's resurgence, and Chrysler is bouncing back greating after two horrible previous owners.
Mitt Romney has no shame. He can't run on his own success because it's controversial in the eyes of the Republican base. In case you don't know what that it is, I'm talking about Romney-care, the health care reform law Romney passed as governor of Massachusetts. The base sees this as socialism, so Romney needs to create his own success. Maybe his next fake success will make a future edition of "You have got to be kidding me?!"