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GOP candidates lampoon auto bailout, say companies should have been allowed to go bankrupt
MESA, Ariz. (AP) ' All of the GOP presidential candidates say they oppose President Barack Obama's decision to bail out failing automakers.
With the Michigan primary just days away Mitt Romney, Rick Santorum, Newt Gingrich and Ron Paul all say they'd have refused giving government money to General Motors and Chrysler.
Gingrich says it wouldn't have been a tough decision -- he says that other operations in the auto industry outside of Detroit were doing fine. Romney says that his own approach to the auto industry calling for a structured bankruptcy would have been better. He says that some of the money used in the bailout was wasted.
Paul says he opposes all bailouts and says just because a bailout was successful doesn't mean it should have been done.