There has been much debate over the proposed bailout of the auto industry. Having grown up in Michigan, and now living in Ohio, I have watched both states struggle as industrial jobs disappear. The question is, would it be better to allow GM to restructure under bankruptcy protection or provide a short-term bailout to give them the time they need to restructure on their own? By doing nothing are we allowing another US industry fizzle away? Former Boston Governor Mitt Romney – who grew up in Michigan as a son of an auto exec – has a very persuasive editorial in the New York Times that addresses this very issue. You can read it here.
Update: Here is video of an interview Romney gave on Morning Joe.
Another update: Senator Barney Frank has a different opinion. You can read/listen to it here on NPR.
