Society Magazine

Quotes of the Decade – Mitt Romney in 2008

Posted on the 10 June 2012 by Btchakir @btchakir

On saving the Auto Industry with the bailout proposed by Obama (and Bush before him):

Quotes of the Decade – Mitt Romney in 2008IF 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 Romney editorializing in the New York Times

It seems that Detroit DID turn around with a check. Perhaps it is a good thing that we didn’t listen to him then.

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