Irony: Mitt Romney Profited From the Auto Bailout That He Opposed

Phillip Martin: Sr. Investigative Reporter WGBH Radio Boston; Sr. Fellow Schuster Institute for Investigative Journalism: Executive Editor Lifted Veils Productions – Posted: 09/17/2012 1:06 pm


A unifying theme at the Democratic National Convention was Mitt Romney’s opposition to the auto bailout. But did Mr. Romney somehow cash in on the very auto rescue that he publicly opposed under the headline Let Detroit Go Bankrupt? Yes, and here’s how:

In the Fall of 2008, the country was debating the rhyme and reason of spending billions in taxpayer money to bail out the US auto industry. At stake weren’t just autoworker jobs, but jobs that impacted tens of thousands of other Americans who worked for auto-related businesses. I met one of these workers, who I’ll call Joe. He was barely hanging onto his job that year.

“On a Friday afternoon I get called into a conference room and the group I was with, and there were like eleven of us. We were offered a package and they give us to the next Friday to make up our minds.”

Joe’s company was Sensata Technologies, headquartered in Attleboro, MA.