Posted on 02/17/2012 1:51:24 PM PST by Responsibility2nd
Back in 2008 - at the height of the financial crisis - Mitt Romney wrote an op-ed for the New York Times opposing the Obama administration's plan to bail out the American auto industry. The headline put on the column: "Let Detroit Go Bankrupt."
In the op-ed, Romney argued that a "managed bankruptcy" could benefit General Motors, Ford and Chrysler because it would "permit the companies to shed excess labor, pension and real estate costs." Romney did not suggest the Detroit auto industry be liquidated, and he called the industry "vital to our national interest."
But the striking headline - with its implication that Romney was willing to see the American auto industry disappear - has dogged Romney ever since. Democrats have used it to hammer Romney and other Republicans for what they suggested was turning their backs on the auto industry, as in the Democratic National Committee video at left.
(Excerpt) Read more at cbsnews.com ...
As much as I'd like to post an anti-Romney article....
This ain't it.
General Motors and Chrysler did go bankrupt, it was just that they did it under a sweetheart deal that allowed the unions to get paid over all of the other creditors and shareholders, instead of under the bankruptcy laws applicable to everyone else.
Stopped clock.
How about that....something to agree with Romney on.
Right. Whatever issues I have with Romney, this ain’t one of ‘em.
Romney took this position because he was getting ready to run again...and he needed to look conservative; just as he was pro healthcare and pro abortion when he was running for Governor of Taxachussets.
He is a pretty simple guy really, he’s all personal ambition...the man has no core...he’ll do or say whatever it takes to get elected.
I guess he would know about BK strategies..
When the media attacked one of his more principled statements for showing a supposed bias against the poor, he responded by proposing to index the minimum wage. Now, I fully expect him to run away again, perhaps by proposing to bail-out Detroit.
When Romney loses in Michigan, this election is going to be wide open again.
Something we agree with Romney on??
Or has he flipped flop since then??
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.