Wednesday, May 25, 2011

Words Romney might regret: - "Let Detroit Go Bankrupt" - NYTimes.com

Op-Ed Contributor - Let Detroit Go Bankrupt - NYTimes.com:
by Mitt Romney
October, 2008
"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.".....

The readiness of the son of the late president of American Motors to let GM and Chrysler crater was a bold statement. But it's going to be hard to defend in Michigan if, as he hopes, Mitt Romney is the Republican nominee for President of the United States.

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