Real, Sound Business Statements

Wow!



Romney hits the nail on the head. Bankruptcy is not the end of the world. Instead, it is a chance for businesses to restructure and be "competitive long term" against foreign auto makers. Without the chance to restructure, we're simply putting off the time when the automakers will HAVE to go bankrupt and restructure.

The alternative to bankruptcy is for these private companies to be given public funds. Now, we can see how well they are stewards of their own money. They feel it's appropriate in these hard times to continue using their money for transportation costs that, frankly, are not necessary. This is not fiscal responsibility.

I say make the big three be responsible for their decisions. Let it be now.

Hat tip to Hot Air for the video.