Helped him lose even worse, you mean. Just as Cheney saw 9/11 as an opportunity to attack Iraq, Romney sees the current economic crisis as an opportunity to bash labor and shift the burden of the crisis onto the backs of working people. How dare Romney manipulate the crisis to attack other people's wages and pensions? What a rich illustration of the greed and elitism of Republican policies.

Helped him lose even worse, you mean. Just as Cheney saw 9/11 as an opportunity to attack Iraq, Romney sees the current economic crisis as an opportunity to bash labor and shift the burden of the crisis onto the backs of working people. How dare Romney manipulate the crisis to attack other people's wages and pensions? What a rich illustration of the greed and elitism of Republican policies.

When Romney was making his fortune in the private sector as a so-called "turn-around" specialist, his formula was simple: sell off profitable portions of a company, slash jobs and benefits for employees while rewarding executives with sky-high compensation packages, and drain all possible cash out of a company before selling it off.

His formula for the US auto industry is based on a simple idea -- that the only way to save the industry is to punish the auto workers and retirees by breaking the legal promises (aka "contracts") made over decades.

If Mitt thinks that he will have a political career left after millions of workers and retirees lose their jobs, their pensions, their health care, then he is seriously misjudging the impact of the actions he proposes.

Mitt's father was a public servant who understood the synergy between the well-being of Michigan's auto workers and the health of the nation's economy and the car companies stability. His son, sadly, is ready to sacrifice that balanced approach to satisfy a fetish for the market.

Saving the auto industry and the millions of associated jobs will require a government that steps up to deal with the health care crisis (the biggest part of Detroit's so-called "legacy costs"), supports/mandates the development of green car technology, enforces fair trade policies, and develops a sane national energy strategy. Bankruptcy is not the means to achieve this - a partnership between government, industry, labour and the US public is the only way to make this happen.

"Bankruptcy is not the means to achieve this - a partnership between government, industry, labour and the US public is the only way to make this happen."

Mitt's bankruptcy proposal includes the partnership you seek. labour and management agreeing on competitive packages, government funding long-term research, tax incentives for the citizens to continue purchasing during a hard transition. Bankruptcy is the hard medicine that will cure the patient. Bailouts only delay the treatment. Mitt is 100% correct. New leadership in the auto companies is needed.

TKD. How do you figure that bankruptcy vs a bailout is shifting the burden to the people. A bailout would use tax payer money to pay to save a company owned mostly by the so called elite. A bankruptcy would hurt mostly the elite and leave the taxpayer out of the equation.

Give me a break.
Romney is right on this issue. Enough of the bailout for every mis-managed organization. I could use a bailout for my mortgage because of credit card debt, is that ok with you? It's time for this country to suck it up, lick it's wounds, and re-define it's core industries. The days of blue-collar are past, we are a white-collar technology nation.Is it easy? no, but essential if we're going to survive. No more handouts.

The only intellegent presidential candidate in the whole bunch who knows the economy. Mitt is extremely intellegent, top of his class in both business AND law from BYU and Harvard. His accomplishments are legendary. I feel a possibility of him becoming a key player in the near future, in contributing towards steering out country in the right direction. This poor bloke became a pinata, between the extreme leftist newsmedia and the extreme right wing bigots.
Romney in 2012