Look who just took himself out of the race in 2012. Mitt Romney writes:
Detroit needs a turnaround, not a check.
Actually, the title of piece says it all —
If this weren’t an op-ed, I might blame the editor for the attention-grabbing headline. But this must certainly be Mitt’s own work. Re: that presidency thing, thanks for playing, Mitt.
In all seriousness, I still haven’t made up my mind if I support a Detroit bailout or not. Assuming the companies are eligible for restructuring under Chapter 11, I agree with Romney that tough love is in the long-term best interest of the American auto industry and its workforce. But if it must be Chapter 7 (an idea which — upon reflection — seems more and more ludicrous to me), then it’s a different story.