Mitt Romney's editorial in the NYTimes is a dose of seriously tough medicine for the American auto industry... His perscription might not make him popular in Detroit in the short run, but the right thing is not always the popular thing.
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 knows what he's talking about, having successfully turned around so many poorly run businesses in his career. I hope that Congress is listening.
>> note: London Times also published Mitt's op-ed on Nov. 24, read here
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Please take a look at the article at:
http://www.americasright.com/
In addition to being very complimentary of Romney's Detroit article, it documents well how many Americans came into Romney's corner .. but too late to give him the nomination.
Will get it up - Thanks for the tip, Crystal!
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