Politics
Why is Mitt Romney getting involved in the bailout debate?
Mitt Romney inserts himself in the debate surrounding the rescue of the U.S. Auto Industry, in light of public criticisms leveled at him by Mike Huckabee. Read more...
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He envisions a 2012 presidential run
I don't know whether he's just...this unaware of what has been going on in the auto industry for the last half decade. Or whether he just wanted to get on the NYT op-ed page so he could call for cutting union wages. Read the Article
Quoted by brownlu on Nov. 19th, 2008
I don't understand how this festival of stupidity is going to help him run for President in 2012. Read the Article
Quoted by brownlu on Nov. 19th, 2008
Supporting a bailout would have exploded his economic cred within the party, but he could have chosen to simply duck the issue lest he alienate Michigan voters. As it is...the state’s a mortal lock to go blue again in four years no matter who the nominee is. Read the Article
Quoted by brownlu on Nov. 19th, 2008
General Comments
The American auto industry is vital to our national interest as an employer and as a hub for manufacturing. A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs. Read the Article
Quoted by brownlu on Nov. 19th, 2008
The larger picture regarding Mitt’s editorial is that...bankruptcy for the Big Three would be great in normal economic times, but right now would be disastrous, as they would not be able to find the financing to restructure given the credit crisis. Read the Article
Quoted by brownlu on Nov. 19th, 2008
Conventional wisdom has had it for years that it is...rank-and-file compensation [structures that have] ruined the automobile industry...Romney's piece unfortunately plays into this myth. A race to the paycheck bottom is no way to keep this country strong. Read the Article
Quoted by brownlu on Nov. 19th, 2008
...Fair discussion of [this] issue is impossible when the real motivation for some legislators is...their not-so-secret desire to kill off the American labor movement...Making union contracts the focus of this important, many faceted debate is myopic and unwise. Read the Article
Quoted by brownlu on Nov. 19th, 2008
