Monday, November 24, 2008

Mitt on motorcars

From my brother Andrew:

In an Opinion page editorial in today's [Tuesday's] New York Times, Mitt Romney says "Let Detroit go Bankrupt!" If this radical non-political pandering spinal fortitude behavior persists, I will quit my job and work full-time on Mitt's 2012 campaign.

Way to go Mitt!

http://www.nytimes.com/2008/11/19/opinion/19romney.html?_r=1&hp

~Andrew



A teaser...

If General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed.

Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course — the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses. Detroit needs a turnaround, not a check.

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