HOME    WORLD    U.S.    POLITICS    CRIME    ENTERTAINMENT    HEALTH    TECH    TRAVEL    LIVING
June 4, 2009
Mitt Romney Should Run GM
Posted: 12:47 PM ET
Share this on:
Share | Permalink | 1 Comment

James Bennet
The Atlantic

Of President Obama’s stated goals for the taxpayers’ investment in General Motors—“To get G.M. back on its feet, take a hands-off approach and get out quickly”—the middle one is likely to work against those at either end. The government can’t hope to fix G.M. and sell it off without getting under the hood. Over decades now of restructuring plans at the company, two things have demonstrably not helped get much done: Money and time. The government can’t simply give more of each to the automaker. What’s needed is forceful, even ruthless, leadership to insist on the changes that everyone—the managers, the union leadership, the dealers, everyone—has known were necessary for about 20 years now.

Fritz Henderson, GM’s CEO, has earned a reputation as an able guy who understands the business and the company he grew up in. But without someone above him bringing the hammer down—repeatedly—he’s going to have the same problem busting through the culture that frustrated his worthy predecessors, like Jack Smith. And if the government is really going to attempt to stand back, rather than insist on a particular direction, it’s likely only to complicate Henderson’s job by allowing him to be buffeted by all sorts of political cross-pressures. Already, according to The Washington Post, John Dingell has written Henderson to complain about plans to close the Willow Run Transmission Plant in Ypsilanti, Michigan, where roughly 1200 workers build four- and six-speed transmissions for rear-wheel-drive vehicles (half the workers will be transferred to a similar plant in Toledo).

Read more

1 Comment
More about: General Motors •  Mitt Romney
1 Comment
Annie Kate   June 4th, 2009 6:17 pm ET

I think this is a great idea. Let Romney run GM and bring it back from the brink of the financial abyss it is trying hard not to fall into today. Romney would not only show his leadership skills, but also his mettle under pressure and he would give the GOP something positive to coalesce around right now when they desperately need it. And if Romney decides to run for President again, this position and his work on it (assuming it is successful) would give Romney the ability to point to his accomplishments in reviving GM and its economic victims. I hope Romney gets a chance to do this – it would help him and the country a lot and it would conserve the industry for the US as well.

Comments have been closed for this article

subscribe RSS Icon
About this blog

A behind the scenes look at “Anderson Cooper 360°” and the stories it covers, written by Anderson Cooper, the AC360° staff and a network of contributors. Insight you can’t find anywhere else.

We search the news each day to show you what’s on our radar and what we’re planning for the show each night.

For more details, read our tips on how to win 360° approval for comments.

Send your instant feedback to Anderson Cooper 360°.

Featured Contributors
Candy Crowley
Candy Crowley is CNN's senior political correspondent and an AC360° contributor
David Gergen
David Gergen is CNN's senior political analyst and former presidential advisor
Roland S. Martin
Roland S. Martin is a nationally award-winning journalist and AC360° contributor
CNN Comment Policy: CNN encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give CNN the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. CNN Privacy Statement.
Home  |  World  |  U.S.  |  Politics  |  Justice  |  Entertainment  |  Health  |  Tech  |  Travel  |  Opinion  |  Living  |  Business  |  Sports  |  Time.com
Podcasts  |  Blogs  |  CNN Mobile  |  Preferences  |  Email Alerts  |  CNN Radio  |  CNN Shop  |  Site Map
© 2009 Cable News Network LP, LLLP. A Time Warner Company. All Rights Reserved.
Powered by WordPress.com VIP