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"I want to bring Michigan back. I am not willing to sit back and say 'too bad for Michigan, too bad for the car industry, too bad for the people who lost their jobs, they are gone forever.' I will not rest when I am president of the United States until Michigan is brought back."

January is a long time ago in Romneyville as Mitt said this in the NY Times earlier this week:

IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed.

What's the difference?

After losing both the New Hampshire and Iowa primaries, Michigan became an incredibly important state for Romney's presidential quest. He was a big cheerleader for the auto industry and, according to the NY Times He:

campaigned as a populist champion for the auto industry on his way to winning Michigan’s primary last year, excoriating Senator John McCain for declaring on the stump that some of the industry’s lost jobs were not coming back.

Circumstances are different now and the $700 billion treasury bailout enraged small business conservatives. Michigan isn't as important a state for Romney as it once was and, if he wants to stay relevant, talking about the Detroit bailout has proven to be a big way to gain attention.

There's nothing wrong about believing that bankruptcy is the best path for the automakers. Many would disagree, but it is a completely valid point. What's wrong is that when Romney says Detroit shouldn't "ask Washington to give shareholders and bondholders a free pass — they bet on management and they lost," he fails to mention that in Michigan, during the primary, he also bet on Michigan. He said that he opposed new mileage requirements. He said we should give aid to bailout health care and pension costs of the automakers. From another article in January:

Romney proposed increased government spending for research on advanced fuels and vehicles, aid to automakers to deal with the costs of health care and pensions for retirees, and tax cuts for most taxpayers to help them buy new cars.

[...]

In Warren, McCain said he would be "ashamed" to tell voters that the lost jobs would return to Michigan, but he vowed to take care of displaced workers through a promised job retraining program that would be offered through community colleges.

There's nothing outrageous about what Romney is saying, but we have yet to see him aknowledge why he suddenly changed his mind.

[Photos by Bryan Mitchell/Getty Images, Scott Olson/Getty Images, GEOFF ROBINS/AFP/Getty Images, Bill Pugliano/Getty Images, J.D. Pooley/Getty Images ]

You better believe we're going to miss the Pontiac G8 ST even though we've never actually driven it. The potential's there — what with the combination of the Pontiac G8 GT sedan, a vehicle that the General should have been building years ago, with a truck bed. After all of our Maximum El Camino love, how much would it suck to get so close to having a new El Camino and then having it ripped away from us? We'd wear black for a decade. Our new foreign overlords would spare the big truck technology and maintain cars they need, but the awesome truck-car niche vehicles will be the first out the window.

(QOTD is your chance to answer the day's most pressing automotive questions and experience the opinions of the insightful insiders, practicing pundits and gleeful gearheads that make up the Jalopnik commentariat. If you've got a suggestion for a good "Question Of The Day" send an email to tips at jalopnik dot com.)

From plants to parks. From dealerships to driveways. From gas stations to grocery stores. What happens in the automotive industry affects each and every one of us. In fact, the collapse of the U.S.-based auto industry wouldn't just impact the more than 239,000 Americans directly employed by the Big Three. One out of every 10 people in America is employed in a service that is related to the U.S. auto industry. If a plant closes, so does its suppliers, the local stores, the hot dog vendors, and the local restaurants. The effect would be devastating in ways of which you never have thought:

* Nearly 3 million jobs would be lost in the first year alone – with another 2.5 million to follow over the next two years
* Personal income in the United States would drop by more than $150.7 billion in the first year
* The cost to local, state, and federal governments could reach $156.4 billion over three years in lost taxes, and unemployment and health care assistance
* Domestic automobile production would more than likely fall to zero – even by international producers, due to supplier bankruptcies

The credit crisis that is affecting us all is wounding the U.S. auto industry in many different ways. Carmakers can’t get loans to restructure and to produce new advanced technology vehicles. Suppliers and dealers can’t get loans for routine business, and customers can’t get loans for new cars.

[via Facts and Fiction]

Let's be clear. The alternative to government cash for GM is not a dreamy Chapter 11 filing, a reorganization that puts dealers and the UAW in their place, ensuring future success.

No, even if GM could get debtor-in-possession financing to keep the lights on (which it can't), Chapter 11 means a collapse of sales and a spiral into a Chapter 7 liquidation.

GM's 100,000 American jobs will die. Health care for a million Americans will be lost or at risk. Hundreds of GM's 1,300 suppliers will die. Their collapse could take down Ford Motor Co. and Chrysler LLC, perhaps even North American transplants. Dealers in every county of America will close.

But that's not all. Here comes the call to action:

The taxpayer needs protection and an upside. GM's top management may need to go. Government-as-shareholder deserves a big voice. Those details can be worked out.

The Detroit 3 CEOs and UAW President Ron Gettelfinger had better tell two critical congressional hearings next week what sacrifices they are prepared to make.

But the stark fact remains: Absent a bailout, GM dies, and with it much of manufacturing in America. Congress needs to do the right thing — now.

What? Buying a t-shirt won't help? [Automotive News, CNBC]