Get this....I DON'T CARE....
Now STAY on topic and off me.....
Touchy, touchy........
Here ya go. First of all, Romney wanted the automakers go through normal bankruptcy then have the government step in.
The contention of this whole thing started when Romney wrote this op-ed in November of '08 titled,
"Let Detroit Go Bankrupt"
Where he stated:
IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye.
His recommended course of action was this:
I believe the federal government should invest substantially more in basic research — on new energy sources, fuel-economy technology, materials science and the like — that will ultimately benefit the automotive industry, along with many others. I believe Washington should raise energy research spending to $20 billion a year, from the $4 billion that is spent today. The research could be done at universities, at research labs and even through public-private collaboration. The federal government should also rectify the imbedded tax penalties that favor foreign carmakers.
We still would've used taxpayer money to ensure positive results by pumping more money into research on
"energy sources", "fuel-economy technology" and he wanted to let universities, research labs and public-private collaboration that would benefit the automative industry in the long run. The government would've guaranteed the post-bankruptcy financing(which is taxpayer money). In his opinion it would've been less than what Obama was suggesting. Like someone else mentioned earlier, Romney was was for a “managed bankruptcy” and funneling money elsewhere to ensure the auto makers comeback.
This is also worthy to add:
Source
Even some initial critics of the bailout eventually conceded that Obama had gotten it right. The Economist — hardly a bastion of Big Government liberalism —
apologized to Obama for opposing the bailout, noting that it was “unlikely” that the restructuring would have worked “had the government not stepped in.”
Oh.....to answer your question. Their was no other source other than the taxpayers money.
