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Take a walk, smell the roses. Any topic is fine, save people bashing.

Your lip service is so deep for Mitt that even Monica Lewinsky would be jealous.

FactCheck.Org is only technically correct on this one. The reason the article was authored in that manner was because the old school bankruptcy methods Romney was proposing wouldn't have fixed the problem.

> > > Romney wrote: “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.” < < <

Managed bankruptcy wasn't what was needed. What was needed was a structured government bailout that allowed the auto industry to get back on it's feet without massive layoffs and/or stripping workers of their jobs, medical coverage and pensions. This is how prosperous nations such as Germany protect their vital industries and workers.

The industry recovered, jobs were saved and the government recovered it's loaned assets without catastrophic loss of middle class jobs. Mitt's way would've resulted in more lost jobs, lower paid workers and no guarantee that the industry would've recovered to the degree currently enjoyed.

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  • Your lip service is so deep for Mitt that even Monica Lewinsky would be jealous. - Audiophilander 10/30/1223:17:56 10/30/12 (0)

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