Mitt On The Auto Bailout

I’ve blogged before about Mitt Romney’s authoritative voice on the economy. Today he has an outstanding op-ed in the New York Times about the proposed bailout of the American auto industry. Key quote:

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.

As an aside, but relating to a debate we’ve been having here at Stillright, I will observe that it’s hard to imagine Sarah Palin or any other leading Republican addressing this issue with the same authority.

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