Romney, native of Detroit and son of an auto executive, makes the case that "a managed bankruptcy may be the only path to the fundamental restructuring the [auto] industry needs." It is likely the only way that excess costs can be shed to make American vehicles competitive.
If the Big Three "get the bailout," Romney says, "you can kiss the American automotive industry goodbye. It won't go overnight, but its demise will be virtually guaranteed."
On the other hand, "without the bailout, Detroit will need to radically restructure itself. . . . Detroit needs a turnaround, not a check."
You got that right Mitt!
While Romney may have been fared no better than Barack Obama in November's election, wouldn't it have been nice to see a conservative try?