March 2, 2012—SnyderTalk Editorial: Rick Santorum was wrong. The steel industry has gotten a bailout.

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Rick Santorum was wrong.  The steel industry has gotten a bailout.

Today on “Meet the Press,” Rick Santorum got into a heated exchange with David Gregory, the show’s moderator, about Santorum’s campaign statements over the last few days in Michigan that he would never have supported an auto industry bailout.  Below is an excerpt from the February 16, 2012 Detroit Free Press dealing with the issue:

“Making his Michigan campaign debut at the home of the auto industry, Republican presidential candidate Rick Santorum said today he would not have supported the government bailout of General Motors and Chrysler.

Santorum said it was good news the two companies have rebounded. But, he said, government intervention, whether to save Wall Street banks or auto companies, is a mistake because it creates an environment in which companies operate with the expectation they won’t have to pay for bad decisions.

[…]

Santorum took a shot at rival Mitt Romney, who also opposed the auto bailouts but not, Santorum said, aid to big banks. ‘I was consistent,’ said Santorum. ‘I think the government should not have bailed out either one.’”

When questioned further by Gregory about his support for the steel industry, Santorum said that the steel industry has never gotten a bailout.  He even went so far as to say that he was around in the 1970s and 1980s, so he knows.  Well, he doesn’t know.  Below are two headlines from October 1, 1980:

These headlines are personal to me because I was inside the White House on September 30, 1980 meeting with President Carter.  Steel industry executives were the group coming in behind our group, and we crossed paths with them on the south lawn of the White House as we were leaving.  I remember distinctly that they got out of their limousines smoking big cigars and making a display of their arrival.  It annoyed me because the next day I was scheduled to discuss the steel industry with my business strategy classes.  To read the entire editorial, click here.

This SnyderTalk editorial first appeared in PJ Media on February 26, 2012.

To see other SnyderTalk editorials, click here.

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