Life Compass
Keeping You Pointed in the Right Direction


In two debates the POTUS warned Romney that “Detroit” would remember. Remember what? The inference was that the auto workers would remember that Romney wanted to let the auto industry go bust … well that’s according to Obama. Sorry, but based on four dead bumps in the road in Libya and his administration’s ongoing cover up … truth is not in his corner.

What Romney, whose father was once the CEO of American Motors, advocated was allowing the auto industry to go bankrupt – the process … but then receiving guaranteed government loans. The reason for the bankruptcy was so that  GMC and Chrysler could get out from contracts that were breaking their backs financially. In other words, the UAW. Retired union members drawing full pay and benefits twenty plus years after being off the assembly line. Obama stepped in, fired management (government takeover of a business), shafted the stockholders, but saved the UAW. Barack did not save the auto industry. He saved his union thug cronies.

GMC owes the government 50 billion (our tax dollars) it will never pay back and has been forced to build an electric car that doesn’t work and no one wants.

Romney, the businessman, wanted them to go through strategic bankruptcy so they could renegoiate all their contracts to become solvent. Instead, Obama bailed them out which means he erased one credit card by giving them a bigger one. The business model for GMC is still one of loss … HUGE losses. Romney’s would have allowed them to settle debts, pay out far less in UAW pensions, and actually turn a profit.

Well … Mr. President … Detroit did remember … TODAY the Detroit Register ENDORSED Mitt Romney:

Americans will be making two choices when they cast their presidential ballots on Nov. 6. They will be selecting the individual who will lead the nation over the next four years, a period that promises to be every bit as challenging as the past four. They also will be charting a long-term course for America.

President Barack Obama came into office in 2009 riding a wave of hope and change. Unfortunately, he has not delivered on the nation’s yearning for change nor on the specific promises he made to fix what is broken. The president is asking the country to be patient, but his plan isn’t producing results that would merit more patience, and the president hasn’t spelled out what he would do differently in a second term.

Hope and change are still what Americans are seeking. This time, Republican challenger and Michigan native Mitt Romney offers the best hope of changing the nation’s fate.

We anticipate that Romney will govern in the same manner as Michigan Gov. Rick Snyder, a practical leader who shares his background as a business executive.

Snyder has rapidly set Michigan on the path to revival by applying sound business practices and accountability to government operations. We expect that Romney will also employ a results-oriented approach and be ever mindful of his customer, the taxpayer.

Also like Snyder, we find Romney to be less partisan than the typical politician, and not bound by rigid ideology. The nation will be best served if the entrenched disagreements of the past four years give way to cooperation and achievement.

We are confident that Romney will be focused on the bottom line, and will divert the United States from “the road to Greece,” as he’s said on the campaign trail.

Hard choices to reduce the debt and deficit cannot be postponed. Spending has increased by nearly 25 percent in four years, $5 trillion was added to the national debt and the annual deficit doubled, with no return to fiscal discipline in sight.

The Keynesian approach has not worked. Despite an $830 billion stimulus and increased annual spending, the economic recovery is the weakest in post-World War II history. Investors remain on the sidelines, afraid to put their money into job creating projects because of the uncertainty about future tax and regulatory policy.

Romney’s five-point plan for economic revival centers on energy independence, a goal that is finally achievable thanks to the natural gas boom and development of the Canadian oil sands; a better trained work force; trade that increases the demand for American goods and services; debt and deficit reduction and promoting the growth of small businesses. If implemented in urgent fashion, we believe the plan will work. Romney has been an effective leader his entire career, both in business and politics. As governor of Massachusetts, he worked with a Democratic legislature to produce difficult health care and education reforms. We are optimistic he can restore the art of compromise to Washington.

He lifted the 2002 Salt Lake City Olympics out of a desperate financial hole and turned the games into a successful enterprise.

Aside from his sterling resume, we also see in Romney a strength of character. He’s his own man. We doubt he will be led off course by those who place party ahead of the good of the country. In Monday night’s final presidential debate, Romney passed the commander-in-chief test, demonstrating a level-headed view of foreign affairs.

A country built on rugged individualism finds itself increasingly under the thumb of a federal government that is ever expanding its reach into the lives of its citizens.Obama has proved himself a disciple of the doctrine that for every problem there’s a government solution.

Romney, by contrast, embraces individual initiative and entrepreneurship. He would turn back the encroachment of the bureaucracy into the private sector.

Romney would replace the heavy hand of government with the invisible hand of a rational marketplace working to produce broad prosperity.

While both poverty and dependency have increased on Obama’s watch, Romney promises to replace government checks with private sector jobs and reverse the decline in middle class incomes. It is heavy lifting, but we favor the candidate who is committed to it.

Romney’s goal is to help all Americans live independent and productive lives, free to rise to the extent of their personal capabilities. He would not shield them from risk or the consequences of their decisions, but neither would he deny them their earned rewards.

Our hope is that Mitt Romney would restore faith in the core principles of free men and women, free minds and free markets that made America great, and will keep it so.

From The Detroit News:

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