Wednesday, January 07, 2009

Mitt Romney: Let Detroit Go Bankrupt

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This article is a few months old, but it's still relevant today (and I just got around to reading it.)

Detroit doesn't need wads of cash to prop up a system that has failed and will continue failing if it doesn't change. It needs to radically restructure itself, taking advantage of things like the bankruptcy laws to make the process less painful. Mitt Romney spells it out in the article.