Jennifer Granholm on Corporations
Democratic Governor (MI)
Alienate the workers through continual demands for one-sided concessions, and it's not just morals but also morale and productivity that deteriorate. Fairness at both ends of the pay scale is not just a legitimate moral end but also an essential element of sound leadership. Morality and morale are deeply interwoven in credible leadership. If leaders destroy the former, they will eventually destroy the latter.
This was doubly wrong. In the first instance, without the governor's investment, which Romney condemned, there would have been no auto industry left to save. Second, it was the government's intervention and the high-speed bankruptcy orchestrated by the Treasury Department that saved GM and Chrysler. A traditional bankruptcy without the US government's participation would likely have meant liquidation and the loss of the backbone of American manufacturing.
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