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Guest EXPAT

The Romney Bunch. . .

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Just right on.

Not centrally relevant here, but I say it anywhere there is the least Velcro to attach it to...

The money spent saving Detroit not only saved Detroit, AND has been paid back, BUT ALSO saved shitloads of tier 1 and tier 2 and tier 3 (look it up) suppliers who would have drowned in the tsunami of Detroit's collapse. And that in turn would have deeply damaged buttloads of OEM (look it up again if you need to and can stand it :sick: ) manufacturers in other, non-auto industries that depend on those same suppliers for parts and subassemblies.

So, saving the -- pretty shitty then, but now, remarkably, like a recovering addict, getting startlingly better, startlingly quickly -- U.S. car business turned out to be the right thing.

To give fair due, GWB was speaking some months ago, and some partisan against the auto bailout asked about it from the audience during Q&A. W. to his credit said (from memory), "It was the right thing to do. Look how it came out. I'd do it again."

He also said on another post-presidential occasion, defending the actions by Paulson and Bernanke and Geithner whom he wholeheartedly supported during the financial-system bailout, "You know, sometimes circumstances get in the way of philosophy."

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