YES, Mitt Romney DID say “Let Detroit Go Bankrupt”
Contrary to Mitt Romney’s lame protests of “I never said that” and “you’re mischaracterizing what I said,” Romney DID indeed write a New York Times editorial in November 2008 titled “Let Detroit Go Bankrupt.”
This editorial has gone viral. It’s crucial that EVERYONE — especially in Ohio and Wisconsin — sees this editorial. Mitt Romney’s own words, straight from the horse’s ass’s mouth.
Mitt Romney can go ahead and reinvent himself every time he talks, but fortunately — for the rest of us — we have written words, recorded transcripts, the Internet. No matter what he said last night, last week or five minutes ago, Mitt Romney is still Gordon Gekko, NOT a warm fuzzy combination of Ozzie Nelson and Ward Cleaver.
In his 2008 editorial, Romney blames the usual suspects for Detroit’s financial problems: greedy labor unions and whiny retirees: “Waaaaaahhh, I want my pension that I earned.”
Voters must NOT let Mitt Romney get away with pretending he’s not who he is. If Barack Obama tried to win over the Christian Right by thundering “the Homosexual Agenda is the gravest threat America has ever known!” he’d get laughed off the stage. Same thing if the president of Greenpeace told the U.S. Chamber of Commerce “we need to get rid of these cumbersome environmental regulations and put America back to work!”
So why in the fuck is Mitt Romney able to pull this off? Are American voters really that gullible?
It was a rhetorical question.
Labels: Mitt Romney let Detroit go bankrupt, Mitt Romney New York Times editorial
posted by Tom Harper @ 1:18 PM
11 Comments:
The American voter elected George W Bush...TWICE! And look where it got us. Now they've got a new guy with many of the same advisors. Are we looking at Bush, round 3?
Most Americans are one issue voters and the issue is (pick one): Right to Life, Prayer in Schools, Marriage can on be between a man and a woman. The rest of the shit just flies over their heads. Oh, maybe there's a fourth issue: Put the white back in the white house.
Alas, for too many millions it comes down to two things. First, Romney is not a half-Afro, all-Muslim, Kenya-born noncitizen and rabid socialist who's out to punish whites for slavery, segregation and you name it. Second, as always, IOKIYAR.
Of course anyone who reads the piece should understand that bankruptcy does not mean going out of business. Also notice that Romney did say the government will have to give the manufacturers money (contrary to the left's claim that he wanted them out of business).
"The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk. "
--
GM is billions in the hole on its pensions, and following Romney's advice, they did restructure pensions this summer by buying people out of their pensions with lump-sum payments - it just took them a few extra years to have the balls to do it.
Named,
You said, "Romney did say the government will have to give the manufacturers money (contrary to the left's claim that he wanted them out of business)."
Your own Romney quote in support of your statement does not say that. He says the government should provide "guarantees" not money. Guarantees are not money. Guarantees are essentially insurance for the people supplying the money. The problem is that there was no one available or willing to provide the billions of dollars required for a managed bailout in 2008 and 2009.
Without money, the auto companies would have failed and been liquidated...something Romney is an expert at.
Jerry: Bush, round 3 -- eek. All the worst traits of Cheney and Rumsfeld, Gordon Gekko and the Salem Witch Trials, rolled into one smarmy shape-shifting Mittens.
Mr. C: And unfortunately the GOP has gotten too good at seducing these one-issue voters.
SW: Yup, those are the two things. Sad but true.
Named: Gee, that took a huge set of balls to stand up to those big bad scary auto workers and retirees.
Jerry: Good response.
Sure he meant Detroit Michigan?
Erik
Jerry Critter gave an excellent response to the misinformed person, Named, who comes across a lot like the spectacularly misinformed free0352. I will add to J.C.'s response.
". . . bankruptcy does not mean going out of business."
There are different kinds of bankruptcy. A very common form, liquidation bankruptcy, most certainly does mean going out of business.
Another kind means reorganization under court supervision. That's what the automakers got, thanks to the Obama administration wisely investing $80 billion. Much of that money went to pay creditors and suppliers. Some went for legal fees and probably for consultants.
Before posting your misinformed opinions as fact, Named, why don't you wisely invest a few minutes looking up "bankruptcy" at Wikipedia?
Erik: Romney will probably say he meant Detroit, Arizona.
SW: Good point about the different types of bankruptcy.
How else could GM execs screw retirees, cut benefits, cut wages in half and walk away with big bonuses? Gekko still won in the end.
Demeur: Gekko rules!
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