I think Mitt is stepping in a pile of dog pooh…..
Back in the Republican primaries, when Mitt Romney staked his campaign’s prospects on victory in his native Michigan, he was a loud voice calling for Washington to save Detroit.
“The question is, ‘Where is Washington?’ ” Romney said outside a General Motors plant in January. “Where does it stop? Is there a point at which someone says ‘enough’? Or are we going to allow the entire domestic automotive manufacturing industry to disappear?”
But now, with the Big Three automakers lobbying Congress for a bailout that executives say is needed to keep the industry alive, the former Massachusetts governor is prescribing a tough love approach to the industry he grew up in.
Romney is strongly opposed to the auto industry’s request for $25 billion in low-interest loans. He is calling for management shakeups inside the companies as they engage in extensive economic restructuring, and is recommending bankruptcy or similar legal arrangements for America’s auto giants.
Romney entered the national debate this week with an op-ed in The New York Times that carried an eyebrow-raising headline: “Let Detroit Go Bankrupt.”
His stark statements caught many political observers — including some of his most influential backers in Michigan — by surprise.
The Mitt is back and sounding the waters for 2012.
A restructuring bankruptcy might not be a bad idea.
Lobotero, yep, Mitt needs to pick a side and stick to it, or at least thoroughly explain why he’s ‘changed his mind.’ I think he’s just going with the popular opinion of the day.
Rjjrdq–if so then why has the financial markets had to do so?
Culturepress, uh huh, the same he was doing when he ran in the primaries.