Wednesday, November 19, 2008

Excellent Op-Ed by Mitt Romney

Mitt Romney, my selection in the NY State Republican Primary, writes an excellent Op-Ed piece today in the New York Times (yes, they actually printed it...)

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.
Of course, Romney is right. He's a brilliant financial mind... Too bad he wasn't the nominee...

Read it all...

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