Both Romney and McCain have it wrong
Steve Schmidt, a top McCain strategist, attributed yesterday's loss to "Mitt Romney's pandering up in Michigan" by promising what Schmidt called a "$100-billion bailout of the auto industry...Mitt Romney should explain to the rest of the country how he's going to pay for it."
While Romney has proposed a five-year, $20-billion-a-year effort to revitalize the ailing auto industry, the Arizona senator has emphasized worker retraining and research into green technologies. Schmidt would not put a price tag on that but minimized the retraining plan as a consolidation of existing programs.
Here is a suggestion: why have the government pick which industries should be subsidized?
Labels: 2008PresidentialRace, Economics, Government
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