What Romney said initially is that GM should be forced into a managed bankruptcy and they were, just as he said. obama departed from the Romney plan by bailing out the union legacy costs and shifting all losses onto the shareholders.
Had Romney been president instead of obama, the GM bankruptcy would have gone along like the Christler bankruptcy when it was managed by Lee Iacocca years ago.
That's fine! But then he went on to say, and this is a direct quote, "So, I'll take a lot of credit for the fact that this industry has come back."