Thursday, November 20, 2008

Video: CNN Michael Moore and Mitt Romney on auto-industry bailout

Michael Moore is in favor of a bailout for the auto industry but only with a lot of conditions. In a Wednesday interview, Moore told Larry King that the Big 3 car companies should face mandates to build mass transportation and automobiles that use little or no gas. Also, Moore wants to see a whole new management team.

Moore thinks that the United Autoworkers Union (UAW) has taken enough cuts in their pay and benefits. The UAW has — has given back so much to General Motors and the other companies. Im stunned, actually, at how much theyve given back. I think theyve given too much back, frankly, he said.

The future looks bleak for the current financial system, according to Moore. I think, really, what were seeing here right now with them, with the banks, were seeing the end of capitalism — the end of capitalism as we know it.

A full transcript of Moores interview is available here.

This video is from CNNs Larry King Live, broadcast Nov. 19, 2008.