The auto bailout, put in motion by former President George W. Bush and continued by President Barack Obama, is now widely viewed as a success. Michigan Democrats have seized on the issue as a potential vulnerability for Romney in a state hard hit by the economic downturn. Romney defends position on Detroit bailout – CNN Political Ticker - CNN.com Blogs And again in the below video--you will see Romney explain that we do not use taxpayer dollars to bail-out all the Airlines that continually go bankrupt--instead they survive just fine with a managed bankruptcy which he wanted to do with the Auto Industry. This video of course--was NOT CUT or--EDITED by the left wing media, or the Obama reelection campaign committee for their new ad. [ame=http://www.youtube.com/watch?v=wFrEIBHK2Jw]Romney, Santorum spar over auto bailout records - YouTube[/ame] This discussion was all done in the GOP debate in Arizona February 2012. Now the Obama campaign is going NUTS with Romney over this--with a new Obama campaign ad--suggesting that Obama did it all--by bailing the auto industry out with billions of taxpayer dollars--and Mitt Romney would have just let them sink into oblivion. NOT TRUE. This is how the auto industry turned around and it was exactly as Romney suggested they do in the above video. Ken Blackwell: Auto Industry Turn-Around Is a Two-Party Success So our constant campaigner President is at it again--claiming credit for throwing billions of dollars at the auto industry--in which it had nothing to do with turning it around.