Skip to main content

View Diary: Mitt Romney wants a round of applause for saving the auto industry (174 comments)

Comment Preferences

  •  Romney's plan (7+ / 0-)

    What Romney meant by "managed bankruptcy" was to let the auto (and auto parts) companies fail to the point of letting them break the unions and their contracts, dump a lot of employees and decrease pay, benefits and security for those remaining, then to subsidize the companies through the bankruptcy process in a way to protect capital investment.

    If it doesn't destroy the manufacturing middle class, then it's not Romney's plan.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site