{"id":7044,"date":"2008-11-19T14:55:00","date_gmt":"2008-11-19T14:55:00","guid":{"rendered":"http:\/\/68.169.38.31\/?p=7044"},"modified":"2008-11-19T14:55:00","modified_gmt":"2008-11-19T14:55:00","slug":"mitt-writer-and-detroit-wheels","status":"publish","type":"post","link":"https:\/\/gormogons.com\/index.php\/2008\/11\/mitt-writer-and-detroit-wheels\/","title":{"rendered":"Mitt the Writer and Detroit Wheels"},"content":{"rendered":"

\"\"Mitt Romney channels ‘Puter<\/a> in a well reasoned New York Times<\/em> op-ed<\/a> this morning.<\/p>\n

Does this sound familiar?<\/p>\n

A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs. The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk.<\/p><\/blockquote>\n

Hmmm. A prepackaged Chapter 11 bankruptcy with government negotiated DIP financing, with a massive restructuring of labor and real estate costs. When’s ‘Puter getting his New York Times<\/em> op-ed? He’s a far better writer than Maureen Dowd.<\/p>\n

P.E. Obama should let Mr. Romney run his administration’s interaction with the auto industry. It would truly be reaching across the aisle and it would give P.E. Obama a scapegoat if the project fails. Mr. Romney has the added attraction of actually being correct on the issue.<\/p>\n

Plus, Mr. Romney is dreamy. And has opposable thumbs, as shown above.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mitt Romney channels ‘Puter in a well reasoned New York Times op-ed this morning. Does this sound familiar? A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed …<\/span> Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1686,1114],"tags":[],"coauthors":[],"class_list":["post-7044","post","type-post","status-publish","format-standard","hentry","category-auto-bailout","category-mitt-romney"],"yoast_head":"\nMitt the Writer and Detroit Wheels - The Gormogons<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gormogons.com\/index.php\/2008\/11\/mitt-writer-and-detroit-wheels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mitt the Writer and Detroit Wheels - The Gormogons\" \/>\n<meta property=\"og:description\" content=\"Mitt Romney channels ‘Puter in a well reasoned New York Times op-ed this morning. Does this sound familiar? A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. 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