Romney's quicksilver Detroit turnaround

Can anyone stand yet another picking over Romney's actual position(s) regarding the Detroit bailouts?

Despite the reams that have been written, what Romney actually recommended in his now-famous Nov. 2008 op-ed and in subsequent elaborations remains elusive -- as is generally the case when you're dealing with a consummate bullshitter. Still, I've combed some of  his pronouncements from November 2008 through June 2009 and would venture to clarify a few points:

1) Romney never called for the liquidation of GM or Chrysler. That much should be obvious -- though his call for a "managed bankruptcy" to commence immediately upon the companies running out of money following their request for government aid in November 2008 would probably have led to liquidation.

2) By pronouncing "Detroit needs a turnaround, not a check," Romney set up a  false choice. As the event proved, GM and Chrysler both needed both -- first one, and then the other.

3) In calling for a "managed bankruptcy" in his November 2008 op-ed, Romney did not explicitly recommend a privately funded turnaround.  Rather, with a calculated vagueness that has since become numbingly familiar, he left unstated how and by whom the companies' continued operations would be funded.

Romney vs. Romney on the auto bailouts

In tonight's CNBC debate in Michigan, did Romney not tie himself in knots trying to differentiate the "managed bankruptcy he recommended for GM and Chrysler in November 2009 from the bankruptcies that the Obama administration in fact managed on their behalf? To the tape:

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. I said from the very beginning they should go through a managed bankruptcy process, a private bankruptcy process.

We have capital markets and bankruptcy, it works in the U.S. The idea of billions of dollars being wasted initially then finally they adopted the managed bankruptcy, I was among others that said we ought to do that.

And then after that, they gave the company to the UAW. They gave General Motors to the UAW and they gave Chrysler to Fiat. My plan, we would have had a private sector bailout with the private sector restructuring and bankruptcy with the private sector guiding the direction as opposed to what we had with government playing its heavy hand.