This was read by Rush Limbaugh on air today.

Romney likens work at Bain Capital to Obama’s auto industry bailout:

“In the general election I’ll be pointing out that the president took the reins at General Motors and Chrysler – closed factories, closed dealerships laid off thousands and thousands of workers – he did it to try to save the business,” Romney said Wednesday on CBS.

President Obama has publicly touted his plan to “retool and restructure” the auto companies as “an investment in American workers.” Romney was strongly opposed to the auto bailouts, but on Wednesday likened the president’s strategy to his own.

“We also had the occasion to do things that are tough to try and save a business,” he said.

Video at the link.

So in order to defend his record at Bain, Romney is forced to defend the government takeover of GM and Chrysler and the process by which the companies were downsized.

Let me preview Obama’s argument in defense of how he “rescued” the auto industry:

Why, Mitt said just the other day that what we did with GM and Chrysler was no different than what he did at Bain.  But it was different. Mitt got rich off of it, I didn’t.

Don’t say I didn’t warn you.


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