Obama in Iowa: 'We said thanks but no thanks' to Romney's advice on auto bailout

In the debate on Tuesday, Romney tried to push back against opposition criticism stemming from a 2008 op-ed he wrote in The New York Times that carried the headline Obama quoted Wednesday.

"I know he keeps saying, you want to take Detroit bankrupt. Well, the president took Detroit bankrupt,” Romney said Tuesday. “You took General Motors bankrupt. You took Chrysler bankrupt. So when you say that I wanted to take the auto industry bankrupt, you actually did.”

Romney argued that the president actually followed his advice, that the car companies should be placed into a "managed bankruptcy."

"My plan was to have the company go through bankruptcy, like 7-Eleven did and Macy’s and Continental Airlines and come out stronger,” Romney said.

The pushback did not stop Obama from repeating many of his lines from Tuesday night in Iowa on Wednesday, however, and the president said he was "getting the hang" of debating the former Massachusetts governor after a widely criticized first performance.