Thursday, October 25, 2012

Detroit paper thanks Obama for auto bailout, endorses Romney

http://thehill.com/blogs/transportation-report/automobiles/264039-detroit-newspaper-thanks-obama-for-auto-bailout-endorses-romney-


The Detroit News is thanking President Obama for his administration's $80-billion bailout of the U.S. auto industry, but the self-proclaimed conservative newspaper is endorsing Republican Mitt Romney for president.

In an editorial published Thursday, the paper said it was not an easy decision to endorse Romney over Obama considering the loans that were given to General Motors and Chrysler in 2008 and 2009. But the newspaper said the former Massachusetts governor would be a better fit for the White House in 2012. 
"Don't assume that it was a no-brainer for a conservative newspaper to endorse a conservative presidential candidate," the newspaper's editorial board wrote.
"We recognize and are grateful for the extraordinary contribution President Obama made to Michigan in leading the rescue of General Motors and Chrysler. Had either of those companies been allowed to go under, Michigan's economic maladies would have become fatal." 
"[H]ad Obama done as well with the rest of the economy, it would be hard to deny him a second term," the newspaper said. 
looks as though the detroit news is big business that would profit by a Romney org. tends to bring bias by that "corporation that are people too".
The Detroit News largely agreed with Obama's argument.
"[W]e have said in past editorials that while Romney rightly advocated for structured bankruptcies in his infamous 'Let Detroit Go Bankrupt' New York Times op-ed, he was wrong in suggesting the automakers could have found operating capital in the private markets."
But the paper said of Romney: "[D]espite his wrong-headedness on the auto bailout, we believe Romney when he proclaims himself a 'car guy.' "
stinks of cronyism doesn't it? good thing the people of Michigan knows smell of right wing deception.
he is a car guy, after all his cars have their own persnal elevators.