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Rick Santorum on TARP and GM
New Hampshire Debate
In June of 2011, Senator Santorum participated in the Presidential debate in New Hampshire. He stated that GM should have been allowed to go through a structured bankruptcy without government involvement.
KING: Anyone -- is there anyone here who, given that prospect, and President Bush started the program, given that prospect, anyone here who would have stepped in and said, "I don't want to do this, but this is the backbone of American manufacturing, I'll do something"?
SANTORUM: No, absolutely not. We should -- we should not have had a TARP. We should not have had the auto bailout. Governor Romney's right. They could have gone through a structured bankruptcy without the federal government.
All the federal government did was basically tip to the cronies, tip to the unions, gave the unions the company. If they'd have gone through the orderly bankruptcy process, gone through a structured bankruptcy, they'd have come out in the same place, only we would have kept the integrity of the bankruptcy process without the government putting its fingers into it.
Sponsored and Cosponsored Legislation
This representative has not been identified as sponsoring or cosponsoring significant legislation related to this title.