Mitt Romney, struggling to regain the lead from Rick Santorum in national polls and facing a serious deficit in the key primary state of Michigan, has doubled down on his position against the auto industry rescue, arguing that the industry should have gone through a “managed bankruptcy,” mainly to squeeze out the United Auto Workers.

Andy Cobb’s version of the Clint Eastwood peptalk Super Bowl ad.

Or has Mitt Romney hired somebody to have one for him?

The successful auto industry rescue is definitely a feather in the cap for the Administration, protecting up to a million direct and indirect auto industry jobs, and putting GM and Chrysler in a position to succeed. Now there’s a new contract with the United Auto Workers to share the success with labor.

One criticism of the rescue was that the UAW was forced to give up good wages for new employees and accept a two-tier structure for pay and benefits. But unless I have my timeline wrong, that all happened in a contract prior to the decision to forward additional loans to automakers in 2009. That contract expired, and the UAW just inked a new deal with GM that should serve as an industry standard. And they made some significant gains in this contract, a testament to how far back the industry has come.

The DNC is focused on the GM and Chrysler headlines, not so much the suppliers, where the bulk of the jobs are. More importantly, the Democrats as a whole don’t seem to be cataloging the many examples where down-ticket Republicans are claiming credit for government investments in new technology that are just now paying off in jobs.

The Obama Administration was gung ho to brag about the GM IPO last year. But if I’m not mistaken, this is the first time the White House has bragged nationally about jobs created thanks to the auto bailout.

This ad is as much a tribute to a city and a way of life our elites would like us to forget as it is an ad for a car. The visuals are amazing–not just the great monuments of Detroit, but (at :16) the juxtaposition of the disaster porn that our media have lapped up in the last couple of years–”a town that’s been to hell and back”–with the American flag–”the finer things in life.” (It was perhaps a better tribute to our national anthem than the one Christina Aguilera gave.) And, then, with Joe Louis’ fist punctuating the image, followed quickly by Diego Rivera’s tribute to industry, the ad laid out its creed in a working man’s voice.

There’s always a lot of tut-tutting when the White House releases the list of people who attend a state dinner. While a lot of that, for the dinner honoring Hu Jintao tonight, has to do with which members of Congress have blown off invites (John Boehner, Harry Reid, and Mitch McConnell, though McConnell’s wife Elaine Chao will attend with her father), I’m rather interested in who will attend from the auto industry.

If only non-prescription Oxy had a tax deduction.

When Steven Rattner published this piece on the GM IPO in HuffPo, he had not yet been sued by NY’s Attorney General for allegedly being “willing to do whatever it took to get his hands on pension fund money including paying kickbacks, orchestrating a movie deal, and funneling campaign contributions,” nor had he yet settled–with no admission of guilt–the SEC investigation that alleges he, “delivered special favors and conducted sham transactions that corrupted the Retirement Fund’s investment process.” Thus, it would go too far to call the Steven Rattner that published that piece a fraudster, or even an alleged fraudster.

But a big part of this victory lap is fraudulent.