Free Republic

SUMTER, S.C -- SUMTER, S.C.- Republican presidential candidate Mitt Romney said his record at Bain Capital which included buying and later closing down a photo album plant in Gaffney is the same as President Barack Obama's record in bailing out the auto industry. "What the president has done overseeing GM and Chrysler has been reminiscent of what people in the private equity industry do. To try and save the business, you have to cut back to a core that matches the revenue of the business," Romney said Saturday in an interview with The State's editorial board. "And so, the president...

Obama says auto bailouts have paid off Photo 6:09am EDT By Steve Holland ASHEVILLE, North Carolina (Reuters) - President Barack Obama said on Saturday taxpayer-funded bailouts of the auto industry that he approved had paid off, in what amounted to a rejection of conservative arguments against such government help. In his weekly radio and Web address, Obama kept up the pressure for an overhaul of U.S. financial regulations, saying the promising news from the auto industry had not reduced the need for Wall Street changes. Government bailouts of Wall Street, begun by then-President George W. Bush in 2008 and continued...