DNC squares off with Romney
June 9th, 2011
09:24 AM ET
3 years ago

DNC squares off with Romney

(CNN) - The Democratic National Committee "welcomed" Mitt Romney to Michigan Thursday with a new video, ahead of a trip to his birth state.

The minute-long web spot features video of the Republican presidential candidate calling for General Motors and Chrysler to file for bankruptcy at the height of the auto crisis. In the national hub of the industry, Democrats have sought to tie Romney to the comments and a similar op-ed he wrote in 2008.

The former Massachusetts governor, who won the state's presidential primary in 2008 as a candidate for the GOP nomination, was raised in Michigan where his father served as the state's governor and head of American Motors.

On Thursday Romney will meet with voters in Livonia, Michigan. He will later tour and hold a business roundtable at Bizdom U, a program that trains entrepreneurs in Detroit, Michigan.

GM and Chrysler eventually filed for bankruptcy as part of a process orchestrated by the Obama administration through which the government took on an ownership stake in the companies.

In the 2008 op-ed, Romney advocated for a "managed bankruptcy" where the government would guarantee post-bankruptcy financing to "assure car buyers that their warranties are not at risk."

"A managed bankruptcy may be the only path to the fundamental restructuring the industry needs," Romney wrote. "It would permit the companies to shed excess labor, pension and real estate costs."

The Romney campaign released a statement Thursday criticizing President Obama's record in the Great Lakes State, pointing to the unemployment rate and job loss it has suffered in the last two years.

"President Obama has failed the Michigan economy," the release stated.

– CNN Deputy Political Director Paul Steinhauser contributed to this report.

– On Monday, June 13, CNN will host the first New Hampshire Republican Presidential Debate, live from Manchester, NH at 8 p.m. ET. Follow all the issues and campaign news leading up to the debate on CNNPolitics.com and @cnnpolitics on Twitter.


Filed under: 2012 • DNC • Mitt Romney
soundoff (28 Responses)
  1. Joe from CT, not Lieberman

    Tsk, tsk, tsk. Using a Republican Candidates own words against them. Doesn't the DNC know this tactic is only allowed to be used by Republicans against fellow Republicans and against Democrats?

    All sarcasm aside, this is something that needs to be done. Force the Republicans to acknowledge their own published and spoken words. Make them face whatever hypocrisy they have presented in the past compared to what they are saying now.

    June 9, 2011 09:29 am at 9:29 am |
  2. dewitt mathews

    mitt ROMNEYYY IS A JOKE OF A CANDIDATE. In mass, they were 47 out of 50 states for creating jobs....

    June 9, 2011 09:32 am at 9:32 am |
  3. Republicans Are The American Taliban

    He should be confronted with his statements and actions every step of the way. He should be held accountable for his actions and statements calling for GM and Chrysler to file for bankruptcy! He should be booed non stop.

    June 9, 2011 09:32 am at 9:32 am |
  4. Rudy NYC

    Interesting point to make. Romney objected to bailing out the auto manufacturers, which was the prevailing Republican wind at the time. (Must have had something to do with a majority of their union employees voting for Obama in 2008. You think?) Bush-43 almost implemented an auto bailout in December 2008, but decided that he didn't "want to burden" the President-elect by doubling the debt on the current fiscal year, 08-09, before he left office. He punted on 2nd down.

    Contrast that past with the more recent past, last month, where Romney claims credit for saving the auto industry through the bailout. Romney saved the industry at a time when he was not even holding a political office, and had not held one for years.

    June 9, 2011 09:37 am at 9:37 am |
  5. I was fooled by Republican's in 2010 , I will never vote for the lying weasels again !

    Wow the DNC isn't playing around ! They are going to hit all these guy's hard and remind people why they need to vote for Democrat's ! They need to remind people that Romney would have completely decimated the only real American industry that is in Detroit ! Thanks to President Obama the auto industry was saved and is thriving again ! Good job DNC !

    June 9, 2011 09:40 am at 9:40 am |
  6. John denver

    Romney was right about the car companies needing a "managed bankruptcy". He didn't day he wanted them to fail. They needed to restructure. The unions have wages too high. The US companies can't compete with foreign companies based on costs.
    Instead of just trashing the guy like everyone else, do a little research on your own. The DNC is very worried about it's future...

    June 9, 2011 09:54 am at 9:54 am |
  7. FM

    This is why old candidates never make it when they opt to try again. They have heavy baggages around them and very easy to trace.

    June 9, 2011 10:00 am at 10:00 am |
  8. MedaBlkman

    DNC...............more blood more blood.

    June 9, 2011 10:01 am at 10:01 am |
  9. Rosslaw

    Romney and the Republican party were 100% willing to decimate a major element of American manufacturing with the intent to dismember GM and Chrysler to be sold to heavily subsidized foreign car companies that have established plants and political pull in southern Republican states. The potential damage to the American economy would have been devastating. The Republicans have no remorse and simply consider the incredibly successful turnabout of Gm with its IPO and Chrysler with repayment of government loans as successes to disparage and ignore. The Republicans are the American Taliban.

    June 9, 2011 10:02 am at 10:02 am |
  10. Bill

    If he is the GOP's best hope for the nominee, then they have real problems.

    June 9, 2011 10:03 am at 10:03 am |
  11. excitizen

    "A managed bankruptcy may be the only path to the fundamental restructuring the industry needs," Romney wrote. "It would permit the companies to shed excess labor, pension and real estate costs."

    Hear that republicans? you are considered excess labor costs. On the other hand, Obama propped them up financially until they became profitable again on their own trying desperately to save jobs and livelyhoods. Yeah, bad Obama, bad, bad Obama – give me a freaking break!

    June 9, 2011 10:03 am at 10:03 am |
  12. J. Richter

    Obama practically saved the auto industry against all political risks. Put them through managed bankrupcy at a time actual bankrupcy would have ended their life giving their 30:1 debt ratio. He fired the management that took them down that road. He insisted on them coming up with a sustainable and profitable business model and proposal and advocated a new focus on gas efficiency. He even went on TV and shilled for American cars – knowing the stakes that was there for America to retain the car companies. For all that he was labelled a socialist and Romney did not say a pip to support him or share in the risk. Then he comes out and shares (no takes) the credit without refuting the socialist charge heaped on the poor President that worked hard to save American jobs!

    June 9, 2011 10:08 am at 10:08 am |
  13. beevee

    I don't think itt Romney is an economics genius. He may have run a successful business, but it does not mean he has the great plan to get US out of its economic troubles. National economy is more complex than a business economy. Just touting constantly that "I ran a successful busines" is'nt going to impress informed voters.

    June 9, 2011 10:10 am at 10:10 am |
  14. Who opened the gate? The Idiot's have walked In !

    @ John Denver , Romney was completely wrong and you are living in denial ! The auto industry just needed a hand and it has bounced back because President Obama didn't let them fail ! Romney need's to be booed the minute he steps on the stage and after every sentence until he walk's off it !

    June 9, 2011 10:10 am at 10:10 am |
  15. Laverne

    I think it was a AWESOME move to appoint Debbie Wasserman-Shultz as DNC Chair. She has the balls that Tim Kaine could never have and she is playing with the republicans. I want to see the dems get tough and stay strong and tough because if they don't they are going to get slaughtered!

    June 9, 2011 10:17 am at 10:17 am |
  16. Four and The Door

    Republicans Are The American Taliban
    He should be confronted with his statements and actions every step of the way. He should be held accountable for his actions and statements calling for GM and Chrysler to file for bankruptcy! He should be booed non stop.
    ________________________________________________________________________________________________
    GM and Chrysler did go bankrupt. Of course, Obama's way it cost America more than twice the annual budget of NASA, but now the unions own the company and Obama met his goal.

    Romney 2012!

    June 9, 2011 10:17 am at 10:17 am |
  17. The Real Tom Paine

    When you consider the fact that literally millions of jobs were tied to the success or failure of the auto industry, it was appalling the GOP took an ideologically-based view of things and told the auto industry to go to hell. Obama made the tough call to help them, and they paid off the loans and became profitable abgain. GM retirees like my father -in-law lost their healthcare, which has placed a burden on them, but the fact the indsutry has turned itself around is amazing. Ford had already begun their own restructuring several years before, so they gambled (sucessfully) they would not need the money. I work closely with the auto industry, and the bailout saved literally hundreds of my company's clients. Cash for clunker, which I saw people rip on repeatedly, got factories humming 24×7 at a time when no one expected it. Romney's clumsy attempts at butt-kissing the Right wing exposed his lack of morals and leadership. While they advocated selling off our car industry to foreign competition or ship the jobs off to Right-to-work states ( another example of conservatives not caring about the communities that built this country), Obama made the ahrd call and tis paid off handsomely. Its too bad the Right is so blinded by their hatred of Obama they can't enjoy the success with real Americans. Its like when they cheered when Chicago lost their Olympics bid: I don't ever remember liberals cheering when we lost a chance to showcase our success.

    June 9, 2011 10:19 am at 10:19 am |
  18. Republicans Are The American Taliban

    Four and The Door

    Republicans Are The American Taliban
    He should be confronted with his statements and actions every step of the way. He should be held accountable for his actions and statements calling for GM and Chrysler to file for bankruptcy! He should be booed non stop.
    ________________________________________________________________________________________________
    GM and Chrysler did go bankrupt. Of course, Obama's way it cost America more than twice the annual budget of NASA, but now the unions own the company and Obama met his goal.

    Romney 2012!

    Fear and Lies is the heart of the Taliban philosophy...

    June 9, 2011 10:27 am at 10:27 am |
  19. Brian

    "Shed excess labor, pension and real estate costs" = layoff tens of thousands of employees, strip the retirement plans from tens of thousands of additional employees and unload massive commercial real estate lots, which will further tank the commercial real estate industry in Detroit and the rest of MIchigan.

    Romney's plan was to allow GM to pass the buck on its failures to all of its current and past employees. Or, we could stick with Obama's plan, which saved all of those employees and pension plans and resulted in a profitable, growing American car company, without any of the 2-3 years of economic collapse that would have come from a "managed bankruptcy" as Romney put it.

    June 9, 2011 10:30 am at 10:30 am |
  20. Sniffit

    "Just touting constantly that "I ran a successful busines" is'nt going to impress informed voters."

    That's ok. He's not soliciting votes from informed voters. He's targetting the law-information one-issue voting pool.

    June 9, 2011 10:42 am at 10:42 am |
  21. Marty, FL

    Another Romney flip-flop pending in 5, 4, 3, 2....

    Roll the tape.

    June 9, 2011 10:42 am at 10:42 am |
  22. Sniffit

    "and Obama met his goal."

    Indeed. They've almost paid the money back and the companies are doing dandy.

    June 9, 2011 10:47 am at 10:47 am |
  23. Sniffit

    "Another Romney flip-flop pending in 5, 4, 3, 2...."

    Yeah. It'll probably take the form of his moonwalk on RomneyCare, in which he keeps saying "that's good for MA, but not for the whole country." Here, it'll be something more like "well, I meant that for the unionized auto industry that would be a good thing...but not for the banking and financial and oil industries...we have to bail them out whenever they want."

    June 9, 2011 10:50 am at 10:50 am |
  24. Bill from GA

    One of the great auto makers of America was Packard. During WW2, they built Merlin engines, designed by Rolls Royce, to power the P51 Mustang, the only fighter able to escort a bomber all the way to Berlin. After WW2, they didn't have to capital to compete with changing markets led by the Big Three, were 'restructured ', eventually into Studebaker, and then out of business. That might be what mitt would call 'managed bankruptcy'.

    June 9, 2011 10:52 am at 10:52 am |
  25. GOP-Tea Party Radical Social Engineering to Kill Grandma Medicare

    Romney and his group of GOP thugs are soo willing to let America's greatest pride; Our Big Detroit Auto Industry & American Cars go into bankruptcy so they can outsource American Cars to CHINA!

    The only business Romney has succeeded in running is the OUTSOURCING OF AMERICAN jobs!!!!

    President Barack Obama protected American Cars...and American JOBs....and today, Our Big Detroit Auto Industry is thriving and profitable AGAIN!!!

    June 9, 2011 10:55 am at 10:55 am |
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