Mitt Romney, writing in the New York Times, argues "Let Detroit go bankrupt."

  • IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed.

    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.


The whole column makes a lot of sense. Too bad Romney didn't spend more time running for President on economic issues, instead of trying to pander to the religious right. He might have gotten a lot more support.