The American auto industry is vital to our national interest as an employer and as a hub for manufacturing. A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs. The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk.
In a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check.
Mitt Romney
Related topics
american
bankruptcy
car
check
employer
estate
excess
fate
federal
fundamental
government
hub
industry
interest
labor
manufacturing
national
needs
path
pension
permit
real
risk
seal
should
shed
viable
vital
auto
bailout
financing
restructuring
costs
Related quotes
If... God highly exalted Christ because He humbled Himself, suffered dishonour, was tempted and endured a shameful cross and death for our sake, how will He save, glorify and raise us up if we neither choose humility, nor show love to our fellows, nor gain our souls by enduring temptation (cf. Lk. 21:19), nor follow the saving Guide through the 'strait gate' and along the 'narrow way' leading to eternal life (Mt. 7:14)? To this end we were called, says Peter, the chief Apostle, ' Because Christ also suffered for us, leaving us an example that we should follow His steps' (I Pet. 2:21).
Gregory Palamas
Do not do anything without signing yourself with the sign of the Cross! When you depart on a journey, when you begin your work, when you go to study, when you are alone, and when you are with other people, seal yourself with the Holy Cross on your forehead, your body, your chest, your heart, your lips, your eyes, your ears. All of you should be sealed with the sign of Christ's victory over hell. Then you will no longer be afraid of charms, evil spirits, or sorcery, because these are dissolved by the power of the Cross like wax before fire and like dust before the wind.
Cleopa Ilie
God always was, and always is, and always will be. Or rather, God always Is. For Was and Will be are fragments of our time, and of changeable nature, but He is Eternal Being. And this is the Name that He gives to Himself when giving the Oracle to Moses in the Mount. For in Himself He sums up and contains all Being, having neither beginning in the past nor end in the future; like some great Sea of Being, limitless and unbounded, transcending all conception of time and nature, only adumbrated [intimated] by the mind, and that very dimly and scantily.
Gregory of Nazianzus