Posts tagged “Auto bailout”
October 23, 2012
Did you hear what Mitt Romney said in last night’s debate? That he would never do anything to hurt the US auto industry? Oh really?
Says Greg Palast, author of the NYT bestseller Billionaires & Ballot Bandits, ”as I reported in this week’s Nation magazine cover story “Mitt Romney’s Bail-out Bonanza“, the Romneys are in a special partnership with the vulture fund that bought Delphi, the former GM auto parts division.
The Romney vulture fund investment syndicate shipped every single UAW production job – EVERY job – to China.
Just after Nation broke the story, Washington newsletter The Hill received the Romneys admission of profiteering:
“Romney’s campaign did not deny that he profited from the auto bailout in an email to The Hill, but it said the the report showed the Detroit intervention was ‘misguided.’”
Read more at www.gregpalast.com.
Greg Palast breaks news in The Nation and Democracy Now that Mitt Romney made at least $15 million in the auto bailout
October 18, 2012
Because Mitt Romney refuses to divulge his 2009 tax returns, journalist Greg Palast cannot prove just how many millions of dollars Romney made off of the auto bailout. But it is at least $15.3 million and likely more than $100 million. In today’s Nation cover story, Palast, who first broke the “hanging chad” story, and in 2000 revealed how Katherine Harris removed thousands of innocent Black citizens from voter rolls as “felons,” exposes that while Romney was saying “Let Detroit Go Bankrupt” (New York Times OpEd, 2008), he was plotting a 3000% return on his investment in its resuscitation.
Adapted from a chapter in Greg Palast’s current New York Times bestseller, Billionaires & Ballot Bandits: How to Steal an Election in 9 Easy Steps (Seven Stories Press), which has an introduction by Robert F.