At the same time, there continues to be a torrent of media commentaries opposing the bailout and demanding that Detroit's Big Three automakers declare bankruptcy in order to rip up existing union contracts and dump their pension and healthcare obligations. These commentaries have come from the same people who enthusiastically supported handing over more than a trillion dollars, with no strings attached, to Wall Street.
In an op-ed column in Tuesday's New York Times, entitled, "Let Detroit Go Bankrupt," Mitt Romney, former Massachusetts governor and contender for the Republican presidential nomination, insisted a "managed bankruptcy may be the only path to the fundamental restructuring the industry needs" in order to rid itself of "insurmountable labor and pension burdens." --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
