“I do know that all of the Michigan delegation worked very hard as related to the revival of the auto industry. There was really a choice between bankruptcy and liquidation. There was no one that was willing to come up not only with the cash to keep them afloat but also to serve the warranties of everyone, you and I that drive all these cars. There was no one that could have picked up those pieces other than the federal government. [The auto bailout was] bipartisan from the get-go. [Without it,] Michigan would have hit 40 percent unemployment rates.” KnowsHardGovernmentChoicesPiecesCarWillingIndustryRepublicanPercentRateCome UpRelatedCashUnemploymentFederal GovernmentRevivalBankruptcyMichiganBipartisanDelegationBailoutsUnemployment RateAuto IndustryWarranty Author:Fred Upton
“I don't think that Mitt Romney can legitimately say that he learned anything about how to create jobs in the LBO (leveraged buyout) business. The LBO business is about how to strip cash out of old, long-in-the-tooth companies and how to make short-term profits. All the jobs that he talks about came from Staples. That was a very early venture stage deal. That, you know they got out of long before it got to its current size.” ThinkingKnowsLongJobsTermDealsCompanyStageRepublicanSizeProfitCurrentsTeethCashVentureShort TermRomneyStaples Author:David Stockman
“I know what it's like to struggle for cash. When I went to drama school, I worked as a chambermaid to make ends meet.” KnowsEndsSchoolStruggleDramaCash Author:Dawn French