Mitt Romney, who was for the auto bailout before he was against it, is back to being for it. And to think they say the man has no principles. Romney’s latest effort to spin the rescue of America’s auto industry came on Satruday, when Eric Fehrnstrom, his top campaign strategist and longtime political adviser, was addressing a forum hosted by the Washington Post. Here’s the Post account: “His position on the bailout was exactly what President Obama followed,” Fehrnstrom said. “He said, ‘If you want to save the auto industry, just don’t write them a check. That will seal their doom.
In May 2007, when Barack Obama was but an upstart challenger of Hillary Clinton, he attended a gathering of several dozen hedge fund managers hosted by Goldman Sachs at the Museum of Modern Art in New York. It was not a fund-raiser, just a chance for Obama to introduce himself to the investment wizards who had helped turn the hedge fund sector into the most lucrative and alluring corner of the financial universe. And the first question for Obama was as blunt as one would expect from this crowd.