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Mon Nov 19, 2012, 12:00 AM

Oh. My. God.

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!!!!

15 replies, 2237 views

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Arrow 15 replies Author Time Post
Reply Oh. My. God. (Original post)
Initech Nov 2012 OP
niyad Nov 2012 #1
Fridays Child Nov 2012 #4
merrily Nov 2012 #5
We People Nov 2012 #8
truebluegreen Nov 2012 #12
niyad Nov 2012 #14
Spazito Nov 2012 #15
Angry Dragon Nov 2012 #2
longship Nov 2012 #3
SunSeeker Nov 2012 #6
sheshe2 Nov 2012 #9
XemaSab Nov 2012 #7
2on2u Nov 2012 #10
truebluegreen Nov 2012 #11
MicaelS Nov 2012 #13

Response to Initech (Original post)

Mon Nov 19, 2012, 12:02 AM

1. nobody ever said his elevator went all the way to the penthouse.

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Response to niyad (Reply #1)

Mon Nov 19, 2012, 12:31 AM

4. Well put! eom

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Response to niyad (Reply #1)

Mon Nov 19, 2012, 02:05 AM

5. Good one!

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Response to niyad (Reply #1)

Mon Nov 19, 2012, 02:23 AM

8. Another example of how brilliant DUers are!

and I especially love it when it makes me

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Response to niyad (Reply #1)

Mon Nov 19, 2012, 12:24 PM

12. DUzy!

(OT: whatever happened to DUzys anyway?)

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Response to truebluegreen (Reply #12)

Mon Nov 19, 2012, 12:28 PM

14. thank you. I think the person who was doing them either got tired, or very busy, and asked

if someone else could take it on. don't know what happened after that.

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Response to niyad (Reply #1)

Mon Nov 19, 2012, 12:32 PM

15. LOL!

Perfect response!

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Response to Initech (Original post)

Mon Nov 19, 2012, 12:08 AM

2. Willard turned out to be the company rapist

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Response to Initech (Original post)

Mon Nov 19, 2012, 12:29 AM

3. Jennifer Granholm nailed this at the DNC!!



If you haven't seen somebody bring the house down at the DNC, you have to see this. The rafters were rattling!

That's my former governor!

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Response to longship (Reply #3)

Mon Nov 19, 2012, 02:15 AM

6. That was the highlight for the DNC for me.

The place went nuts!

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Response to longship (Reply #3)

Mon Nov 19, 2012, 02:32 AM

9. Thank you for sharing your awesome Ex Govenor with all of us!

Seeing the video of her speech again! She rocked the house! Jennifer was awesome!

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Response to Initech (Original post)

Mon Nov 19, 2012, 02:16 AM

7. People at the top need to tone down the excess

while people at the bottom can't pay the rent.

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Response to Initech (Original post)

Mon Nov 19, 2012, 06:27 AM

10. Imagine a car stairway. The owner would be hulking after a time. n/t

 

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Response to Initech (Original post)

Mon Nov 19, 2012, 12:22 PM

11. Nah, that's only for other people. n/t

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Response to Initech (Original post)

Mon Nov 19, 2012, 12:27 PM

13. The second one really gets me.

Second, management as is must go. New faces should be recruited from unrelated industries - from companies widely respected for excellence in marketing, innovation, creativity and labor relations.


Right, hire people that know marketing, but don't know shit about building cars.

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