Sunday, November 23, 2008

Romney on the Detroit Big Three

Excellent op-ed piece in the New York Times (of all places) by former Republican presidential nominee Mitt Romney on the bailout the Big Three are seeking. What I really appreciate about this is that he doesn't just say let them fail, he outlines what they can do to regain their footing, and what the government can do to help them. As he states in the article, his dad was brought on to run American Motors after the death of its president, and he learned a lot from that. His most important point, though, is that if Detroit wants help from the government, they need to create a win-win situation, which they haven't done yet. Go read the whole thing; it's not long, and I guarantee it's worth it.

Side Note: Post number 75! 100 here we come!

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