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In reply to the discussion: Mitt Romney wants a round of applause for saving the auto industry (updated) [View all]JohnnyRingo
(18,628 posts)He's lying when he claims he was in favor of a "managed bankruptcy".
The reason he was against the loan was so the UAW contracts would be shredded in a complete failure and piecemeal resale of the industry. He (and others) claimed there were investors out there that would restart the car companies after they got rid of "legacy costs". They claimed the car plants could be sold off individually.
The pension check that allowed me to retire after 30 years at GM is the "legacy cost" Mitt Romney saw as a drain on the industry. In the weeks before and after the election I was frantically exploring my options in the job market in case I needed to start a new career (It turns out welfare is no longer an option in Ohio).
My chances were just as bleak as GM finding the money to keep building cars. GM couldn't even find a buyer for the Hummer brand in the sickened Bush economy, let alone the entire company.
Thank you President Obama for saving the pension check that I worked half my life for, and fuck you Mitt romney for trying so desparately to rob me of it. I have a personal reason to volunteer for Team Obama this year.
We in the UAW have not forgotten.