Mitt Romney faces defeat in his family’s home state of Michigan | World news | The Observer
At the time of the bailout Romney said government help would kill America’s car industry and argued strongly against assistance. That is a position he reinforced last week, penning an editorial in the Detroit News slamming President Barack Obama as having sold out Detroit’s “Big Three” car companies to their unions.
That is not a popular opinion in Michigan. Most people see the bailout as an unmitigated triumph with some experts saying it may have saved up to 1.5m jobs in the state. Last week General Motors posted record profits and once again became the world’s largest car maker, paying out hefty bonuses to its workers. “Romney is either a bad businessman, a lousy politician, or both … does Romney really believe that he needs to embarrass himself by taking a position that will appeal to a tiny fringe of the Republican party?” said Peter Cohan, a Forbes magazine columnist and business analyst.