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IF DETROITT GETS BAILOUT-DEMISE GUARANTEED-mitt romney

In EYEONCITRUS.COM, IF DETROITT GETS BAILOUT-DEMISE GUARANTEED-mitt romney on kp42 at 301210

Romney gurantees Detroit failure with Bailout Editorial NYT  EYEONCITRUS.COM

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.

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.

– Mitt Romney editorializing in the New York Times

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