19 November 2008

Lowercase West Thomas

Ok, so I didn't want dwell on this miserable prospect of the government bailing out Detroit, but I just read an amazing op-ed by Mitt Romney for why the bailout is wrong. Here's that article.

My favorite thing he said was, "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."

Well put, Mitt.


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