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Detailed text transcripts for TV channel - FOXNEWS - 20120316:09:04:00

tom hanks and former white house chief of staff encourage mayor rahm emanuel. many want to do what mitt romney did, let it go? can t be saved. can t put good money after bad. romney never writes the detroit can t be saved like emanuel says. he said a turnaround not a check and a managed bankruptcy may be the only path to fund am tal restructuring the industry needs. it would permit the companies to shed excess labor, pension and real estate costs and in a managed bankruptcy he writes the federal government would compel newly competitive and viable auto makers rather than seal their fate with a bailout check. the road we traveled is about the president s first term so far from the president s perspective. it s on youtube right now.

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