Mitt Romney lashes out to Detroit -”suicidal course of declining market shares”
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Mitt Romney Auto Bailout
Finally, Mitt Romney “grew a pair” and lashed out at Detroit’s Big 3 CEO’s.
While one can sympathize with the auto industry’s problems, they are a prime example of EXACTLY what’s been going wrong in America’s job markets for years.
This according to the AP:
In an op-ed essay in Wednesday’s editions of The New York Times, Mitt Romney, a candidate for this year’s Republican presidential nomination, wrote: “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.”
Romney, who was born in Detroit and whose father was an auto industry executive, wrote: “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.”
Can you believe Mitt Romney said that?
Where was this fearless Mitt Romney in the Republican nomination? Where was this opinionated and strong willed individual when the Republican party was looking for direction?
Whew! Mitt Romney lashes out at Detroit for their inadequate business abilities and while you may or may not agree with his position – you have to respect that he actually said something strong without “flipflopping.”
This Mitt Romney is strong. America loves strong leaders.
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Comments
Let’s hope Mitt for 2012. Religious bigotry will be tough for him to overcome.
Is This Mike On?s last blog post..I call him my son
Mitt Romney is the one presidential candidate with the economic and business acumen to understand the current financial crisis. McCain probably stood a chance if he had selected Romney as his VP . . . once the media started covering the “economic crisis” it was all downhill for Johnny Mac – with Romney by his side, The Republican ticket would have been MUCH stronger on the economy than ANY possible Democratic ticket.
I hope Obama has the sense to try to bring Romney in (although, I’d expect him to decline – seems Obama is keeping his enemies close – e.g. Hillary – to prevent them from going after him in 4 years).
Regardless, I hope he continues to speak out and use his national audience to say the right thing (like he did as you mention in your post).
Joshua Dorkin @ BiggerPockets.coms last blog post..The Top 3 Mistakes to Avoid When Buying a Short Sale as a Residence