Mitt Romney

Below you can read an opinion piece by Mitt Romney in the NYT. Bob Herbert wrote a few days back that the US shouldn't let the big American automakers from Detroit go down. Both these men are much more knowledgeable about the American Auto Industry, than I am. I am not competing here with them; nevertheless I have an opinion.

Romney's father was an executive at American Motors when the GOP ex-presidential candidate was a kid. He believes his father would advise what he is proposing, let the executives feel the pain, and get a new bunch of more modern people to run the companies. To me that sounds cold hearted.

Bob Herbert on the other hand advises to help those companies, but not help the men at the helm that are guilty of mismanagement, but the men and women on the factory floor that actually make the cars.

What do I advise President Elect Obama?

A linear combination of both proposals. In math speak that means, change management with an eye on the welfare of those workers.

Think different, allow more worker's management responsibilities as Herbert proposes, and managers more time on the factory floor as Romney proposes.

This is not Marxism, nor Capitalism; we are entering a new stage in world economics. The stakeholders are not just investors, they are buyers, workers, salesmen, and management. Think different.