Thursday, November 10, 2011

Romney Still Wrong on Auto Bailout Loans.

Mitt Romney said during the debate that he would have still destroyed auto manufacturers by breaking them up through private sector bankruptcy. It would not have been a controlled bankruptcy, which because of the government, prevented selling off all parts of Chrysler and GM into oblivion. Oh, and if Republicans had their way, it would have destroyed a whole bunch of union jobs. Just saying.

Mad Money's Jim Cramer breaks it down perfectly here, and rips capitalism a new one;

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