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Romney Defends Auto Bailout Opposition in His Native State

Mitt Romney, debating Republican presidential rivals in Michigan last night, defended his opposition to a government bailout that saved tens of thousands of jobs at Chrysler Group LLC and General Motors Co.

Instead of a government intervention, the former Massachusetts governor and Michigan native said, the companies should have immediately entered into private sector bankruptcies. “My view with regards to the bailout was that, whether it was by President Bush or by President Obama, it was the wrong way to go,” he said, during the event at Oakland University in Rochester, Michigan.