Personal Liberty Digest™ will be upgraded this weekend to reflect a dynamic new look and mobile-friendly viewing to enhance your experience! Plus, we'll be providing even more of the compelling content you've come to expect, delivered in a whole new way!

  Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty

Mitt Romney: Auto bailout would be a disaster

November 19, 2008 by  

Mitt Romney opposes an auto industry bailoutFormer Massachusetts Governor Mitt Romney has warned against bailing out Detroit automakers, recommending that the government let them go bankrupt instead.

In a New York Times editorial, Romney said he believes that a check from Washington would not solve the sector’s problems.

Instead, he proposes that a "managed bankruptcy" could help "propel newly competitive and viable automakers, rather than seal their fate."

Carmakers have been asking for $25 billion in funds which they say is necessary for their survival. The issue has proved divisive on Capitol Hill, with some lawmakers suggesting the money should be used for different purposes.

For example, Romney says that more money should be directed toward new technologies to keep the industry competitive. He also calls for an end to executive perks and a restructuring of labor and benefit agreements that would put Detroit more closely in line with foreign automakers.

Taxpayer watchdog Consumers Against Government Waste has also spoken out against a rescue package, criticizing industry leaders and unions for their "sense of entitlement."

"It is time to apply the brakes to the bailout bonanza," the group added.

Personal Liberty News Desk

Facebook Conversations

Join the Discussion:
View Comments to “Mitt Romney: Auto bailout would be a disaster”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at


Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.