Should Detroit go bankrupt? Oh wait, they did.

I don't get too involved with Politics because it's just all a game. People do and say whatever they can to get elected, and if they are already elected, they do and say whatever they can to get re-elected. But here, if my beef for today.

"When the American auto industry was on the brink of collapse, and more than 1 million American jobs were on the line, Gov. Romney said we should just let Detroit go bankrupt," he said. "I refused to turn my back on communities like this one. I was betting on the American worker and I was betting on American industry. And three years later, the American auto industry is coming roaring back." 
 http://thehill.com/blogs/transportation-report/automobiles/236313-obama-knocks-romney-on-auto-bailout-in-ohio

 But didn't Obama turn his back on that community and allow Detroit to declare bankruptcy?

 Then there is this article that I read where the President of the N.A.A.C.P. said, "people had heard Mr. Romney’s message on jobs and the economy and “it is not resonating with our base,” in part because talk of deregulation brings to mind Wall Street bailouts and how General Motors might have gone bankrupt if Mr. Romney had been in the White House."
http://www.nytimes.com/2012/07/11/us/politics/romney-courts-black-vote-an-obama-strength-in-08.html

 Might General Motors have gone bankrupt if Mr. Obama had been President? Oh wait, Mr. Obama was president, and GM did go bankrupt.

I am tired of hearing Obama brag about how he saved the auto industry. Do people not know that both GM and Chrysler declared bankruptcy? What fixed the car industry, was the car companies screwing over suppliers, bondholders, and other entities that were owed money. Through bankruptcy, GM and Chrysler cleared all their debt and were able to be profitable again. Exactly as Mr. Romney said they should do. It makes me angry every time I read an article that pretends like GM and Chrysler never declared bankruptcy.