LOL!

The reason managed bankruptcy was such a horrible idea was the effect it would have on the network of suppliers and manufacturers who depend on their association with the automakers. The ripple effect was going to be devastating.

Mitt's just pissed because Bain Capital didn't get it's sticky fingers on the auto bailout money.

Perhaps Mitt's "managed bankruptcy" idea would be more appropriate for Wall Street. Those fuckers still owe us money.