rssMitt Romney Must Be in the Holiday Spirit
Wednesday, November 19, 2008 at 10:00 am
- 6 Comments
Because he just gave 2012 oppo researchers an early Christmas present, particularly if any of the Big Three automakers collapses before then.
In an op/ed in The New York Times titled, “Let Detroit Go Bankrupt,” Romney prescribes tough love for the ailing auto industry, rather than a federal bailout.
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.
Instead of the federal government giving Detroit $25 billion, Romney — whose father was an auto executive before becoming governor of Michigan — argues the industry requires new management, across-the-board belt tightening, investment and innovation. Federal dollars, Romney writes, could be better spent on research and development that would ultimately benefit the industry, such as alternative fuels and energy efficient technology.
Romney’s plan appears to make a lot of sense, but it’s hard not to view the piece as the work of someone with prior, and in all likelihood, future, presidential ambitions. Romney’s views are perfectly in line with those of many conservative Republicans in Congress, with whom a Detroit bailout is wildly unpopular.
Romney’s position is also a gamble. This piece will undoubtedly resurface if Romney makes another presidential bid in 2012. If Detroit is allowed to go bankrupt and fails to recover, Romney will likely have a hard time explaining his position, and he could probably write off his chances in Michigan, obviously, but also in Ohio, where GM maintains a heavy industrial presence. And as goes Ohio…
6 Comments
Comment posted November 19, 2008 @ 8:09 am
I guess it's a good thing Mitt is right then…
Detroit should be getting billions of dollars to research alternative energy like Mitt said during the primaries.
Comment posted November 19, 2008 @ 8:53 am
Unlike anyone on either political side, Romney has actually conducted a “turnaround.” Like it or not, both Detroit and Washington are broken. Why not make Romney the “Car Czar” and appoint him to oversee this turnaround? He has both the passion and the skills…probably unlike any other. If he is allowed to make the “change” in Detroit, I wonder if Washington (and the media) will allow him to fix a few things in 2012.
Comment posted November 19, 2008 @ 9:22 am
Romney is a genius, and he should be the one heading to the Whitehouse. In fact, I think if the economic crisis had surfaced its ugly face months prior to the selection of McCain, Mitt would have won the nomination for conservatives. Mitt actually was almost tied to McCain with the popular vote prior to his departure from the race earlier this year. I am a huge Mitt fan, and he is absolutely right, these companies are heading for failure with or withour the bailout…unless they can make drastic changes, and somehow make people stop buying cars from the Japanese overnight!~
Comment posted March 25, 2009 @ 11:45 pm
yups, thats right and really agree with it.
there is lots of to do to get out from the crisis
Comment posted March 26, 2009 @ 3:54 pm
BARACK OBAMA IS AN EXCELLENT PRESIDENT!
Obama is a racial-minority individual and does not like racism:
I know it may be hard to believe.
However, it is absolutely true that Ronald Wilson Reagan committed horrible, racist, hate crimes during his presidency.
A lot of people know about Reagan's infamy.
And a lot of people will know about Reagan's infamy–even until the end of human existence: they'll find out.
Numbers 32:23: “Be sure your sins will find you out.”
Respectfully Submitted by Andrew Yu-Jen Wang, J.D. Candidate
B.S., With the Highest Level of Academic Honors at Graduation, 1996
Messiah College, Grantham, PA
Lower Merion High School, Ardmore, PA, 1993
(I can type 90 words per minute, and there are thousands of copies on the Internet indicating the content of this post. And there are at least hundreds of copies in very many countries around the world.)
_________________
'If only it were possible to BAN invention that bottled up memories like scent so they never faded and never got stale.' (Once again, please consider an illustrative analogy: like scent that is held in or restrained or inhibited or suppressed or bottled up.) Off the top of my head, it came from my Lower Merion High School yearbook.
Comment posted March 26, 2009 @ 10:54 pm
BARACK OBAMA IS AN EXCELLENT PRESIDENT!
Obama is a racial-minority individual and does not like racism:
I know it may be hard to believe.
However, it is absolutely true that Ronald Wilson Reagan committed horrible, racist, hate crimes during his presidency.
A lot of people know about Reagan's infamy.
And a lot of people will know about Reagan's infamy–even until the end of human existence: they'll find out.
Numbers 32:23: “Be sure your sins will find you out.”
Respectfully Submitted by Andrew Yu-Jen Wang, J.D. Candidate
B.S., With the Highest Level of Academic Honors at Graduation, 1996
Messiah College, Grantham, PA
Lower Merion High School, Ardmore, PA, 1993
(I can type 90 words per minute, and there are thousands of copies on the Internet indicating the content of this post. And there are at least hundreds of copies in very many countries around the world.)
_________________
'If only it were possible to BAN invention that bottled up memories like scent so they never faded and never got stale.' (Once again, please consider an illustrative analogy: like scent that is held in or restrained or inhibited or suppressed or bottled up.) Off the top of my head, it came from my Lower Merion High School yearbook.
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