This is a really, really good op-ed by Mitt Romney. Hopefully Detroit doesn't get its requested bailout.
Imagine the better debate on this issue we could have had if McCain had tapped Romney to be No. 2 instead of tapping the Alaskan Ice Moron.
Update -- WSJ has this article about the gains foreign manufacturers stand to make if Detroit does go bankrupt. In theory, how many of the jobs lost in Detroit could shift to the South?
Op-Ed Contributor - Let Detroit Go Bankrupt - NYTimes.com