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Lordandmaster -> RE: Congressman, "it not your money" (11/21/2008 11:53:52 PM)
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You know, there was a time when I thought Romney was the most viable Republican candidate for President. His record as Governor of Massachusetts included some real successes. Then he gave his clueless religion speech, which absolutely sank him. And now he seems to have lost his mind. Look, aside from the fact that Detroit made stupid cars for far too long, the main problem, as everyone serious about the issue recognizes, is that the American automobile manufacturers have had to pay for their employees' benefits, especially their health insurance, whereas foreign competitors are conveniently relieved of this burden by their governments. That's really all there is to it. So what's Romney's solution? Right, we need to eliminate that big competitive disadvantage--and get rid of all those damned expensive benefits! Why do workers need health insurance, after all?
Romney, you're an asshole, and this is not the right economic climate for a smug plutocrat to remind struggling Americans yet again that the attitude of the right wing is "You're on your own." That attitude got your party's ass kicked in November, and if you don't come up with a new idea very soon, you just might be able to add "Republican" to the endangered species list.
quote:
ORIGINAL: bamabbwsub
(quoting Mitt Romney)
"First, their huge disadvantage in costs relative to foreign brands must be eliminated.
Second, management as is must go.
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. The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk.
In a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check."
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