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22 Oct 2012

Race To The Bottom


by: Bruce Alcorn - San Tan Valley AZ

Mitt Romney wants to let America hit bottom – that’s what he said.  

When the housing market was in freefall and homeowners owed more than their houses were worth, Mitt Romney said the housing market had to hit bottom.  When the auto industry faced bankruptcy and massive worker layoffs, he said, “Let them go bankrupt!”

From a purely financial perspective, I guess this makes sense.  Mitt’s the guy who made a fortune taking profits from companies that had hit bottom, declared bankruptcy, and fired American workers for cheaper foreign labor.  Mitt Romney wants to let America hit bottom, too – that’s what he said.  And we know that he stands by what he said – whatever it was!

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