The Entire Mitt Romney Legacy In One Graphic

[Playinghardball]

What if he were in charge of this country and an economic crisis hit? Would he let the U.S. go bankrupt, too?

[aint_no_life_nowhere]

1. Managed corporate bankruptcies or Chapter 11s often end in Chapter 7 liquidations

if the bankruptcy court determines that the corporation can't honor the reorganization plan and pay off its debts according to the new schedule. Romney descries a managed bankruptcy as an automatic solution when it really is no guarantee, especially if the debtor corporation can't find a new lender to reschedule its debt, but no one calls him on it in the debates.