It is a smart strategy by Romney.
First, Romney can say he supported a managed bankruptcy, but not at taxpayer expense.
Second, Romney can say Obama did exactly what Romney did at Bain Capital.....managed bankruptcies and reorganized debt.
Lastly, Romney can show how a bankruptcy reduces the cost structure, paving the way for profits.
Wait a minute!
You’re not allowed to say anything good about Romney around here!
ABO.
It is never smart to be caught on video tape lying. He thinks we have the memory of a gnat. It does not seem to bother him that he is now known as a liar.