Leave bailouts out of it, Michigan governor says
November 9th, 2011
05:00 PM ET
3 years ago

Leave bailouts out of it, Michigan governor says

(CNN) - The auto industry bailout shouldn't be a topic of discussion at Wednesday's presidential debate, Republican Michigan Gov. Rick Snyder said on Wednesday.

"I think the bailout is being overblown in our state as a key topic in this debate," Snyder said on CNN's "American Newsroom". "Because if you look at it, we have gone through difficult times the last decade, and we are making a strong cameback."

The eight GOP presidential candidates are expected to face questions over the auto bailouts at a debate sponsored by CNBC outside of Detroit, once the automobile manufacturing center of the U.S. that has been hit hard by the recession.

Several of the candidates have strongly criticized the $85 billion program, first kicked off under President George W. Bush and carried out by President Barack Obama.

The Democratic National Committee on Wednesday attacked former Massachusetts Gov. Mitt Romney for an op-ed he wrote in 2008, titled "Let Detroit Go Bankrupt," in which he predicted the bailout would kill the auto industry.

But Snyder said Wednesday the loans, a significant amount of which has been repaid, were a huge success for his state.

"The bailout was something that really worked," Snyder said. "The real focus has to be on how well things are going today. The auto industry is making a strong comeback, and the question going back to the auto bailout is what lessons did we learn and make sure we don't do them again."


Filed under: 2012 • Auto Bailout • Michigan • Republicans
soundoff (22 Responses)
  1. Derek

    Hmm, I wonder why he's saying this. I wonder...

    November 9, 2011 05:04 pm at 5:04 pm |
  2. tee66

    The Voters Michigan need to recall this clown

    November 9, 2011 05:05 pm at 5:05 pm |
  3. Bill

    It sure should be discussed, because everyone on that stage would have let the auto industry go belly up. I agree on the recall. Get him out of here.

    November 9, 2011 05:12 pm at 5:12 pm |
  4. A Repulbican

    Huh??? You get the money that saved the state of michigan, and after you say hey don't talk about it??? This is your Gov. Unbelievable. Some politicians should just not say anthing thatn open there mouth and leave no doubt they are clueless. If the yesterday's elections have shown us, just because republicans hate Obama and want to win we should not run off the deep end or say things that just are not smart. Geez!!! I've been saying this since early summer:" we republicans are doing it again. As soon as we make progress we take that that we can do everything we want and we just go way too far, we should except wins and move "conservatively" than run like madmen to stoping everything from police fire and teacher unions, to stoping abortion, to using immigration to insult latinos, to trying to stop gays at every turn! What does that do, leave old white men, and there aint enough of us to try to social engineer everything!

    November 9, 2011 05:15 pm at 5:15 pm |
  5. Straight Shooter

    Wait... now the GOP governor is saying the bailout was a success? I thought bailouts were just more big government spending that never accomplished anything? As a Michigan resident, I can say that althought Rick "the Nerd" Snyder claims things are 'making a comeback' under his policies, the numbers don't support that. Funny that he is touting a bailout that all Republicans claim was worthless.

    November 9, 2011 05:15 pm at 5:15 pm |
  6. Rick McDaniel

    Those bailouts are fair game. One of the issues, is that big labor, got those bailouts from Obama, to save big labor jobs......when it was big labor's excessive job demands, that put the car makers in the hole, in the first place.

    I think the real issue here.......is the crony capitalism of the government and big labor, to bail out an industry that big labor had bankrupted.

    November 9, 2011 05:16 pm at 5:16 pm |
  7. lgny

    The Republicans want it off limits because this group opposes any bailouts. If GM and Chrysler had closed shop, how many employees would have been laid off? How many suppliers would have had to close their doors? The recession - bad as it has been - would have been far worse without this bailout.

    November 9, 2011 05:19 pm at 5:19 pm |
  8. Sniffit

    Oh the horror!!!! Deal with reality and admit they worked and Obama did a good job and thereby alienate the rabid conservative base during the primary OR pander to said rabid base and thereby alienate MI voters for the general election???!!!!???? Decisions decisions....what a catch-22 when you just can't admit to facts and evidence.

    November 9, 2011 05:19 pm at 5:19 pm |
  9. Sniffit

    "to bail out an industry that big labor had bankrupted."

    That's 100% untrue and just partisan nonsense. You wouldn't even be able to get the CEOs of those companies to agre with you.

    November 9, 2011 05:21 pm at 5:21 pm |
  10. Lynda/Minnesota

    "I think the bailout is being overblown in our state as a key topic in this debate," Snyder said on CNN's "American Newsroom". "Because if you look at it, we have gone through difficult times the last decade, and we are making a strong cameback."

    So, is he saying the bailout didn't work, or is he saying the bailout did work? Is he a Mitt Romney supporter, or are ALL of the GOPers taking Mitts flip-flop lead to a whole new level of talking point nonsense?

    November 9, 2011 05:25 pm at 5:25 pm |
  11. Phil in KC

    Gee, let's don't talk about that because then the people of Michigan might find out what the Republicans truly think and we'd lose. In other words, if it shines a bad light on the Republican party, we must ignore it.

    November 9, 2011 05:32 pm at 5:32 pm |
  12. Sandy

    It worked, but don't talk about it because your republican buddies all would have let them fail.

    November 9, 2011 05:33 pm at 5:33 pm |
  13. Donkey Party

    Rick McDenial –

    Your comment might be worthy of some merit if you mentioned the Koch Brothers, Karl Rove, and Dick Armey somewhere in there.

    November 9, 2011 05:33 pm at 5:33 pm |
  14. chuck weidemann

    You gotta give credit where credit is due. If you don't you're stupid. That's the problem today,even when something works but it wasn't your idea or you opposed it you keep being critical of it. Defines stupid. Don't vote for stupid!!!

    November 9, 2011 05:35 pm at 5:35 pm |
  15. The Greedy Old Pigs have lost their minds!

    "Those bailouts are fair game. One of the issues, is that big labor, got those bailouts from Obama, to save big labor jobs......when it was big labor's excessive job demands, that put the car makers in the hole, in the first place."

    Wow, do you ever get anything correct or do you live in a fact-free world? The Big 3 tanked because (a) the execs made horrible decisions, (b) foreign automakers didn't have any where near the legacy and health care costs of the Big 3 and (c) they spent years resisting innovations in their industry. The poison flowed from the top. The only decisions the union made were to approve contracts or strike. You really need to get a clue about how the real world works.

    November 9, 2011 05:51 pm at 5:51 pm |
  16. Debbie

    To not talk about it is to ignore that the taxpayer is tired of bailing out banks and auto companies. Sure America got paid back (well most of it) but at what greater expense to the taxpayer? GM/Chrystler held their hand out for a bail out from the US taxpayer while opening new plants in Russia and China. Should have asked Russia/China for the money! I will protest till the end of my days before I would ever give another bailout to a bank, insurance company, auto maker etc. And I will never ever forgive Congress for not attaching strings to the bailout! And no blaming DEMS/GOP/TEA as they all voted for the bailouts so they are all responsible!

    November 9, 2011 06:07 pm at 6:07 pm |
  17. Rob in Austin

    These are the people trying to run our country, everything is on the table for discussion. The big auto companies went belly up because they offered products people didn't want to buy. It was this bombshell that made them open their eyes and started to design and improving the quality of their cars. That is the reason foreign companies were selling more cars than they were. People wanted to buy Toyota, Honda, etc etc etc because they worked, lasted, and we liked the way they looked. We got tired of the same car being repackaged under a different names and sold across two or three brands.

    November 9, 2011 06:45 pm at 6:45 pm |
  18. Pat

    Dear Rick, the workers did not cause the problems with the American auto companies. They did not decide to build big, gas-guzzling cars that rusted out in the snowy winters. Don't blame the worker for what the executives did.

    November 9, 2011 08:03 pm at 8:03 pm |
  19. encore

    It"s so sad when a man cant give The prez credit just because he is black. when will the hate stop.

    November 9, 2011 08:08 pm at 8:08 pm |
  20. Darrell

    Rick McDaniel

    Yet, the bailout saved American jobs and the American Automobile industry....give it, Obama was right and the Republicans were wrong. End of discussion.

    November 9, 2011 08:18 pm at 8:18 pm |
  21. Sandy

    The President has no problem giving credit where it is due, even if it is a republican. Why can't republicans give the President credit for anything? Dumb people they are!

    November 9, 2011 08:27 pm at 8:27 pm |
  22. Larry L

    This is the perfect place to discuss this issue. Do the candidates have the stones to look all of those voters in the eye and tell them they would have let them go under? You can't have it both ways.

    November 9, 2011 08:34 pm at 8:34 pm |