Friday, March 2, 2012

UAW Conference -- "The Auto Industry Bailout was the Single Most Important Decision by President Obama"

So reads the news this morning related to a quote by former President Bill Clinton as he addressed more than 1,000 UAW members in Washington. Clinton went on to say that Milt Romney's father George would be "turning in his grave" over the 2008 New York Times op-ed piece Milt wrote that argued against a taxpayer - financed industry bailout.

Would George Romney be turning in his grave of late? Probably so, but perhaps not for the reasons Clinton mentioned. In fact, George had argued during the late 1950s and the early 1960s for a break up of Big Three, so that small independents like AMC would have a bigger chance to succeed in the marketplace. Furthermore, George might be turning over in his grave if he could see the America of 2012 -- a once great economic power house now dependent on China and the Middle East, wracked with political turmoil and moral decay.

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