"President Obama's attack, during the final debate, on Mitt Romney's critique of the auto industry bailout was 100% false, i.e., a bald-faced lie.
When Romney said, during the debate, that in 2008 he favored a managed bankruptcy for Detroit's auto makers, with federal guarantees for post-bankruptcy financing, Obama directly claimed this was a falsehood, repeatedly saying, "Check the record."
Here is the "Record"....
IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed.
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