"Let Detriot go Bankrupt"
This unfortunate headline to Mitt Romney's article has been taken out of context. What Romney meant is that GM should have gone through a privately managed (Chapter 11) bankruptcy that would have allowed them to stay in business and save jobs. Ultimately, even with the money from the bailout, this is exactly what happened. Do some research on bankruptcy laws if you've got the time for it. His dad was an auto exec and Governor here, so I would think that he would know something about the auto industry.
