TightWind is written by Kyle Baxter. Stay Hungry. Stay Foolish.

Luigi Zingales explains why the myth that Romney would have let GM liquidate is, well, a myth:

When finally both GM and Chrysler went to bankruptcy, Romney would have extended the same lines of credit the Obama administration did, but without pushing for a redistribution of value in bankruptcy, redistribution that favored the unions at the expense of the other more senior creditors.

Finally, Romney would have not forced GM to waste so much money in a useless electric car (the Chevy Volt) that found no clients. Thus, the fact that Obama saved a car industry that would have died otherwise is a myth. The reality is that Obama used taxpayers money to subsidize the unions.