Mitt Romney Profited By At Least $15.3 Million From Auto Bailout: Report

Source: Huffington Post

By Mollie Reilly

Mitt Romney, who famously authored an op-ed in 2008 suggesting that the federal government should "let Detroit go bankrupt," has been on the defensive in the Midwest ever since President Barack Obama's controversial auto bailout turned the struggling companies around. Political observers roundly agree that Romney's opposition to federal intervention may very well cost him Ohio and therefore the White House.

At Tuesday's presidential debate on Long Island, Romney attempted to recast the story, with himself as the champion of the industry (see the video above), but his comments at the time, recorded for posterity, have made such a reinvention challenging.

But while Romney's political fortunes may have been shorted by the Obama's auto rescue, the bailout was a boon for his personal fortune.

A new report running Thursday in The Nation finds that Romney and his wife, Ann, made at least $15.3 million -- and perhaps tens of millions more -- as a result of bailout funds paid to General Motors. The story, an early copy of which was provided to The Huffington Post, is written by investigative reporter Greg Palast and was backed by the The Investigative Fund at The Nation Institute.

FULL story at link.

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