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Old 11-18-2012, 12:12 PM
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GenuineRisk GenuineRisk is offline
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Join Date: May 2006
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This is from a balloon-juice post about the auto industry in 2008, but it applies here, too, other than I don't think Mitt has weighed in on the fate of Twinkies, probably because he doesn't eat junk food:

THE TRAGEDY OF THE AMERICAN AUTOMOBILE INDUSTRY:A Play in Three Acts
Dramatis Personae
BIG THREE, a manufacturer of automobiles
UAW, Big Three’s employee
MITT ROMNEY, an idiot

ACT ONE
BIG THREE: I have plans to build automobiles, but I need labor to do so!

UAW: I will labor for you if you will pay me $40 per hour.

BIG THREE: I will not pay you $40 per hour.

UAW: But I need to save for my inevitible retirement, and any health concerns that may arise.

BIG THREE: I will pay you $30 per hour, plus a generous pension of guaranteed payments and health care upon your retirement.

UAW: Then I agree to work for you!

ACT TWO
UAW: I am building cars for you, as I have promised to do!

BIG THREE: I am designing terrible cars that few people want to buy! Also, rather than save for UAW’s inevitible retirement when I will have to pay him the generous pension of guaranteed payments and health care that I promised, I am spending that money under the dubious assumption that my future revenues will be sufficient to meet those obligations.

ACT THREE
UAW: I have fulfilled my end of the deal by building the automobiles that you have asked me to build.

BIG THREE: Oh no! I am undone! My automobiles are no longer competitive due to my years of poor planning and poor judgment!

MITT ROMNEY: This is all UAW’s fault!
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