Oh. My. God. [View all]

[Initech]

I have been doing research on the bailouts and have been reading Mitt Romney's opposition column in the New York Times where he said "Let Detroit Go Bankrupt". In his own words, in this column, he wrote this:

The need for collaboration will mean accepting sanity in salaries and perks. At American Motors, my dad cut his pay and that of his executive team, he bought stock in the company, and he went out to factories to talk to workers directly. Get rid of the planes, the executive dining rooms - all the symbols that breed resentment among the hundreds of thousands who will also be sacrificing to keep the companies afloat. <-------------------

Investments must be made for the future. No more focus on quarterly earnings or the kind of short-term stock appreciation that means quick riches for executives with options.

Manage with an eye on cash flow, balance sheets and long-term appreciation. Invest in truly competitive products and innovative technologies - especially fuel-saving designs - that may not arrive for years. Starving research and development is like eating the seed corn.

http://www.nytimes.com/2008/11/19/opinion/19iht-edromney.1.17959143.html?_r=0

So if we extrapolate this, he's saying we need to get rid of symbols of excess - WHILE BUILDING A HOUSE WITH A CAR ELEVATOR!!!!