Howie and Mitt Romney on the Big 3

" Is now is -- former governor Mitt Romney. -- thanks -- be aware of us your members you'll remember the Hudson how would you describe what Hudson looks like. If it doesn't -- an upside down bathtub. It's really great I acted as a continuation of the -- and I want to know. Now it's though the job glides over. Thanks and thanks for coming on this was a great -- Op Ed piece you wrote in the New York Times today let Detroit go bankrupt."

" Well it was pretty bold headline as you know I don't get a chance to read the headlines -- based dissident Torre was was that. You know this this is an opportunity for Detroit got -- that way but. But you know getting a check for march that is not the right answer so the right answer is -- to reduce their labor costs to reduce their. They're -- they're retired read it costs to reduce their real estate trust to get their costs down so they can compete with the foreign guys. I don't little plane still denied doing that today so they keep losing year -- year -- year. Ultimately he'll eleven liquidation. Unless they take advantage of this time and you know it could go to leave a bankruptcy process or a out of court settlement but just restructure the cup."

" You don't we were talking last hour or so some of the callers were saying well listen if we don't do this will have a depression on our hands. I don't see it that way the --"

" Well you know -- I don't want to see the industry become liquidated it just disappear that I don't want to have happen. It it does have an impact debut and has an impact of the overall economy it has an impact a lot of other suppliers to. You know Jim Malone knows about thirty billion dollars to other companies so you you can have a cascading effect it's a it's a big deal. But. That doesn't mean it's just write him a check like drastic for. It means say look we're going to work what you guys were directly that they see you go lights out but we're gonna make sure that we don't have to come back to do this again and again and again. That and that means the UAW is going to have to give via the management's going to have to give -- we're getting -- of the corporate planes -- corporate dining room. That retirees are not going to have a job banks. Thanks for the other -- back which -- says you know let's say is that it's good -- you know -- task for -- that the workers that they don't need that it nonetheless they have the pace for the mideast. These kinds of things that the company has had a agreed to -- face an enormous -- These kind of things mean they can't compete it's roughly 2000 -- a car. Do you point out and I atlas deal earlier this simulated American cars you know artist good at this foreign cars -- got to find a way to cut 2000 bucks out of a car. In a way that you don't notice and and frankly you don't notice and as it's time for that can't."

" Yeah I I know yet you -- think what that means that 2000 dollars -- for example needs to cut 2000 dollars worth of features and qualities. Quality out of its -- to compete with Toyota's Avalon of course the Avalon feels like a better product and -- 2000 dollars more put into it. You're right I mean it's Judy it's it's hard to why it's hard to -- to compete in but I I don't you know I don't feel like -- patriotic when I don't buy an American car -- I I just you don't think -- a better car you're -- had been burned so many times in the past I guess is the best way to put it I I would be more inclined to -- to buy another one."

" Yeah and I understand that about you I was born they try to about it and I got. Their yards or so. As the especially as ramble worst. You know and so I still by Detroit car shall we you know it's almost exclusively -- and -- and I like Detroit cars but. There's no question that there had to -- cut corners a bit. -- in order to compete with the foreign guys did come here that don't have that -- UAW costs that don't have a legacy cost us the retiree health care and pensions. And the and the don't have that the cost of excess real estate to their carriage and you know we we -- to a point where we're GM's market share has been more than halved. You say you know what this can't go on you gotta stop at some point and -- these companies just giving them money is that going to help this."

" And yet they he you know you've had we we played the cut in the intro was just Nolan -- idea okay congressman from Michigan I think did he endorse you are believing."

" at first guy to get under staff and will you did you hear what he said no I didn't. He he was with Neil Cavuto yesterday who you've been with a million times on the."

" Yeah industries CEOs can't even say you know we go under and only ancillary businesses the dishwasher manufactures the washer and -- manufacturers solos on the home -- a vastly depend on are being alive and then vibrant if we don't want to this how the -- and then the textile manufacturer comes he wants us if we go down -- how the -- And bonded on and on we don't where do you draw the line with -- more money."

" It is not your money in fact yeah. Does anybody his tax payers money. It is not your money."

" So -- so -- there's there's jerseys every politician has certain words -- like to take back to establish. And as it is not your money is so obviously what are those good praises because. This is our money and and and the question is are you know we need to do we want to -- try to checked it to Detroit auto makers might -- system. If you wanted to write a check the Detroit auto makers we've been by their cars and that's open -- before going to write those checks to -- the cursor competitiveness."

" I think what I how were they given how war you know even if we give the money to it to keep them going. How for the going to force us to buy these cars."

" Well they're not going to forces to buy -- but but an attention that this Chevy Malibu presence is a very good automobile I saw that US news and world report I believe right citizen number one. Midsize car that it's sold in America that is to domestic and Betty -- they think it's the best value for the money out there so it's it's it's a great car but it's. GM has had defined you know engineering miracle to take roughly 2000 bucks out of that. That would compete could -- cars that's hard to do it's not going to go on forever we're gonna have to get these excess of -- out of the way that we do if we get the labor costs down. The retiree cut down the -- but it Costello at least costs if we take them off the backs of these companies don't deplete our oil and you'll see people. They know about a lot like me a lot of others -- say hey you know I'd prefer the mustang and that's where the Malibu to -- getting eight Japanese cars that you know looks like every other Japanese cars."

" No we're going to campaign in the Michigan primary which kept you going for a for a few more weeks. When you won it. Weren't you talking abouts -- you know what you -- I know you didn't you didn't have anything like let Detroit go bankrupt and I know you'll write the headlines but you didn't say anything this tough in the up primary campaign earlier this year met."

" Actually in January have I spoke to the Detroit economic club and I should I do not favor a bailout I did not support a bailout. I do however believe that there could be a workout and we can work together but I did not support a bailout and that was seen as being pretty tough medicine now. Course he's got a lot worse -- that. And cannot be like the right way from Washington to participate listed -- basically search energy research. Material science and so forth that helps all of our industries not just the auto industry. But but a bailout I think is a mistake for this it's this company Japanese companies I I would insist on. If you will an out of court settlement Europe prepackaged program and some kind of allows them to get rid of their excess costs become competitive. And it keeps the -- how I did not want to see these companies get liquidated I gotta be honest I'm I'm not one of those -- this sort of close their doors could buy I don't want that. But it's the same time I don't write big checks without -- any progress."

" But on the other hand the UAW contributed heavily to war to the Democrats as they always do when every election cycle we spent three million just on Barack pro Barack Obama ads in the final weeks of the campaign -- mean they they have a lot of they've -- used to -- from the -- the Democratic Party -- they -- they -- all that all the jets --"

" Yeah I think it's going to be really tough so it's going to be tough for Barack Obama and that and the Democrats to who received so much support from organized labor. Too it just say guys you're gonna have to do I as cut back some of the year -- excessive. Burdens here these card companies to. -- not going to -- object but it it's going to be very hard for the -- that be you know what if they don't say that. You're gonna keep watching Detroit lose lose lose more sales more market share more jobs to. Until some day it may be is 220 years down the road they have to be liquidated and that would be. -- crying shame there's no reason we can't compete make --"

" 18774694322. Posting a more calls for Mitt Romney George your next with how we card former governor Mitt Romney go ahead George."

" The pleasure it's a real privilege here I'd certainly like governor Romney be able to actually -- at a Malibu occur not think it's just the city on the coast like the other two candidates. -- Split. Eight states -- if somebody actually understand the drama like the -- did try to fix that. The biggest fear I have is that 2000 dollar difference. In my life in my experience when you have 2000 dollars and more and does something it's usually better. And then I'm willing to and here's the sad that a moral debate 2000 moth in my Honda. CRV. Then I would for me the GM car and it's going to be ten years before they unions. Fingerprints on those ties with and they lack of quality is Bob and how to how do we get to that point where. You can you can read this that I like how we have been burned 345 times now and and I don't see it so. I'm going to need somebody with your intelligence gathered around me. Convincing me it isn't going to people Iraq go about Obama or John McCain god love -- you know he you know he he would know what the Malibu is because god."

" How -- how would you how do you get Americans to buy the cars again Matthews well they didn't take years."

" They could be the key thing is you want people to the bottom last year. To -- an extended by a car you don't want to have every year fewer and fewer by IBM a lot of people like me who grew like American cars and want to keep buying up. And and so he beat you know you don't you don't have to commit everybody to give up about a Japanese -- just gotta keep your current customers to. Overtimes slowly but surely convince people it is a pretty darn good product. So ridiculous that it's not impossible to get things to level off but that's that's of course where you start but. But you know the callers Pepsi right -- he -- did he -- 2000 dollars -- it -- don't want companies able to put -- it's currently the company can't. What occur what -- to 2000 bucks sure going to feel better the seats are going to be better. Did you know -- the seats slide out are going to be better it's gonna have electric features that give the guy has manual features that I mean it's just."

" I was that that's -- We we we don't I don't we know some of those I had an AMC general political it was it was still a lot cabinet shop."

" Yeah there's the a -- Hardly the axle finally came apart and there was going on the southeast expressway. If I if if it lasted another hundred yards met I -- be here today -- be about I'd be in the grounds."

" How excited is -- because you drive your grandmother has to be oblivious to our. That's the case remember lives -- so those are the what do you think there -- bay."

" I'd be guiding the day it happened it was on Harry Harrison avenue in the south and right behind The Herald met him I call -- I call to guide it towed away. And I said though where where where what what should at worst like poet what what repair shops like toll it took. And he said repair shop indulge in what Johnke. --"

" That's great and we have these blogs. I was okay should take off the plate first please tell you the good idea I'll take off the -- you know and I I guess I'm I'm just one of millions of its not too satisfied customers of the some bu what was the big war against --"

" Right what they've they've gotten better they've got better and actually embellished pleased to see that W look at the at the quality ratings in the US congress they've come up a lot. And and that and frankly they're tied with a lot of the imports -- some cases they're they're better than -- imports. But. -- you're not going to get all of listed bells and whistles -- and afforded our biggest Detroit had to cut 10000 bucks up tour card. Because of all the sections excess burden they've got you gotta get rid of the burden if you don't cured of it you know the company didn't but never make it long term."

" In the year next with Howie -- and Mitt Romney go ahead Andy."

" Thanks -- governor Romney it's nice to speak to you and I wish -- had one president. Well usually does daddy how. I love Louis talkin' thanks very thing -- done and I hope he do -- continued to do some work for the American people enough. I just want to say you know you've been talking about American cars and our cars and I've owned both and I've had some great cars from Detroit in some great cars from Asia and I think that Detroit can make great cars -- great trucks. So I just want to say I hope you can can you do your work in thank you for everything you've done and go leather fair --"

" Well you're you're kinda -- I do agree with six. We can be competitive. There's there's there's no reason pressed not to be able to could be a good deal with with the companies to come here from other countries to. They brought -- the the did it the inputs -- labor and materials and so forth there are -- this."

" Facial equality Steve you're next with Howie -- governor Mitt Romney go ahead Steve."

" Settlement are dead -- president I'm sorry I'm -- vegetarian how big guns and noted in his again this is the food I would imagine it because there without making phone calls -- stupid do they were the disappointment and it's pretty much carried out brutal group members."

" element -- important to go to the bright side the stock market was only down 427. Points today state."

" Okay I'm gonna show us that I'm the powerful. More active role or an active role India that. Retooling of the Republican Party and getting a little afraid of what they've been hearing. I you know when the Michael Steele of the world start talking about becoming got killed Democrat party light. You know please you don't try this try this -- and the guys I hope -- That you know and for years you you name is heard again but I have a feeling that that's important because and the Independent party into. Something that no one is going to recognize and you know the choice between a Democrat to Democrat to Democrat wins every time so I'm hoping to take an active role on this announced that Sunday and the Op Ed pieces just what. We could have used. Over the course -- the -- you know nine -- ten weeks leading up to the election."

" Thanks thanks for the call -- by the way what did you think -- what did you think of Mike Huckabee so not so kind comments about -- and is new book. "

" Well you know I I don't have a lot -- say about that I'm I'm frankly you know like the car I'm really concerned about the party going forward the nation going forward basis of real issues so. Dot I'm focusing on those things we automobile sectors one of those. Not spelling a word I'm looking back right clearly a lot of people were dissidents in what happened a year to go -- want to know what's gonna happen next year and the year after -- from -- and."

" Don your next with how we car and governor Mitt Romney go ahead Don."

" Our dollars and -- go out -- American carries dollars and eight -- Chrysler really any different years I was at the US dollar company."

" I I don't Chrysler minivans I had eighty I had the Gramm won I had a 59 impala the club fire in Delaware. I have to say has nine Buick. Then go like to Little Rock on Belmont I mean I did I must admit I've paid my dues."

" Yeah how they mix well why isn't he a couple of he's just look at pro life -- and a look at a real apparent. A bail out its its coming out there electric car General Motors -- the end of 2000 and mine in and I think we've just got to get low light trying to get to that point."

" Yet but it but here's disappoint that make which is yet -- I understand that but I want to make sure that the unions. Also are part of this solution and they agreed that they are going to cut backs of their that there wages are in line with the guys that are manufacturing Ford cars right here in the US the Honda Toyota Nissan -- BMW on back. I don't want our guys to be get a lot more money than those guys are. And I also want to have the retirees say all right we ordered -- participate in this and the landlords would own these properties we're going to participate. It can -- as saying -- the taxpayer. Test to make sure that everybody that's part of the the you know -- the Big Three automotive world they're they're going to get taken care of the deleted -- going to -- of that better to make an estimated by the way the guys who have to be -- that's front of -- sacrifice fly and had to be managers the idea these guys like this private jets and corporate dining rooms look if you want to get. This these companies. Working at that look like they're like they're that they say eighteen you get bad debt management and labor finally laid down the old that and the people used to exist worked together and managers you gotta act like members of the team. Not royalty."

" gets they've had a Ford and only had to bring human from Boeing but he -- twenty million a year 28 million the -- uses that jet to fly back to Seattle every weekend I mean that's absurd what are they for his own damn jet net."

" it's said DO TU you can try to pretty darn good people when they're willing to work so -- left but that's one million. I'd just be I think maybe a couple of percent like such -- thanks."

" We really appreciate -- be aware of us and you know you're welcome any time you want to -- for now word you know just come on by -- it would love to have you on the show again."

" They've thanks so invested Betty duke."

" Okay thanks a lot -- that's governor Mitt Romney we've got me a link on our web site that you he read his column today in the New York Times. On the Op Ed page let Detroit go bankrupt that's."