“You know, all is forgiven. It depends who his opponent is,” he said on CNBC’s “The Kudlow Report.”
Romney, the presumptive Republican presidential nominee, authored a New York Times editorial in October 2008 titled, “Let Detroit Go Bankrupt.” But in recent months, Romney reversed course, attempting to take credit for the bailout.
“I think he has since modified his stand on that completely,” Lutz said. “He now says he was totally in favor of it and suggested it. That’s neither here nor there.”
Lutz also cited a poll by Dick Morris that shows electoral votes will create a landslide victory for Romney over incumbent President Obama. (A non-scientific poll on DickMorris.com shows web visitors preferred Romney over Obama 98 percent to 2 percent.)
“I have to believe that investors believe their fortunes lie synonymous with the fortunes of the American economy,” he said. “If the American economy does well . . . everybody’s going to benefit, so I’m definitely with Wall Street on this one.”