President Obama took a swipe at Mitt Romney’s recent claim that it was he who should take credit for the auto companies’ resurgence, describing Romney's comments as “one of his Etch A Sketch moments.”
In a sit-down with a local television station in Cleveland earlier this week, Romney said that it was his idea of managed bankruptcy for General Motors and Chrysler that was eventually adopted by the administration. “I’ll take a lot of credit for the fact that this industry’s come back,” he said.
"I think this is one of his Etch A Sketch moments,” Obama said in an interview with ABC. “I don’t think anybody takes that seriously.”
“People remember his position, which was, ‘let’s let Detroit go bankrupt’ and his opposition to government involvement,” he said, adding, "Had we followed his advice at that time, Chrysler would have gone under and we would have lost a million jobs throughout the Midwest."
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