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…
Pentagon Shooter Exploited Gun-Show Loophole
John Patrick Bedell, who shot and wounded two police officers near the Pentagon earlier this month, bought at least one of his 9 mm guns at a Nevada gun show,
MA-Sen: 150 Conservative Bloggers Fan Out, Looking for Scandals
BOSTON -- The mysterious Election Journal blog, which first released the infamous 2008 video of two bumbling New Black Panther Party members waving nightsticks
MA-Sen: Brown Wins
BOSTON -- At 9:20, the first rumors of Scott Brown’s victory in the Massachusetts Senate race started to work around the room. A moment later, Doug Flutie
MA-Sen: 66 to 19
BOSTON -- That, via Alex Isenstadt and Josh Kraushaar, is the number that defined the Massachusetts Senate race more than anything else. From the primary
MA-Sen: A Text Message From Scott Brown
BOSTON -- Having signed up for Scott Brown’s text message service for election day, I just got this text: Are you about to have lunch? It’s a great time to
MA-Sen: Out-of-Staters for Brown
BOSTON -- A surprising discovery at yesterday’s People’s Rally in Worcester was just how many people had traveled into the state to assist, in whatever way,
MA-Sen Photos: ‘Paint the Town Red! Croakley’s Dead!’
Below are some photos of yesterday’s People’s Rally in Worcester, the rally that Brown held to counter-program the Obama rally in Boston. The crush of
Menendez, Lautenberg to Continue BP-Lockerbie Investigation
Sens. Robert Menendez and Frank Lautenberg, both New Jersey Democrats, will continue to seek details about BP’s alleged involvement in the release last year of
Net Investors Bullish on Palin’s Prospects for Staying on Ticket
Just for fun, the Internet prediction Website Intrade has opened a contract on whether Alaska Gov. Sarah Palin will be withdrawn as McCain’s running mate.
No Experience Necessary
Gov. Sarah Palin’s a middle-class hockey mom, but does that really qualify her to be vice president?