Obama and Romney disagree over gov't assistance to U.S. auto companies
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BOCA RATON, FL -- Even though the presidential debate was geared toward foreign policy, the candidates took detours through the Motor City.
"Governor Romney, you keep on trying to, you know, airbrush history here," President Obama said. "You were very clear that you would not provide government assistance to the U.S. auto companies, even if they went through bankruptcy. You said that they could get it in the private marketplace. That wasn't true. They would have gone through a..."
"You're wrong," Romney said.
Obama replied, "No, I am not wrong."
We did check the record and here's what Mitt Romney wrote in a 2008 op-ed in the New York Times. In the piece entitled "Let Detroit Go Bankrupt," he said, in part, "Don’t ask Washington to give shareholders and bondholders a free pass - they bet on management and they lost."
He finished by saying, "...The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk."