Iacocca endorses Romney. This is big.

Let me tell you folks, this is big. I had the pleasurable experience of attending the Q1 training held by Chrysler, Detroit way back in a previous life in 1980. Iacocca made it a point to stop by at some point during the week long training. Back in those days Chrysler had hit the bricks, even though Mopar parts were considered the bomb by most car enthusiasts. I liken those days to the Paleozoic era of my career, but I digress.

The company was on the skirts of bankruptcy when Iacocca came in and secured a government assistance guaranteed loan that was a bit different than a bailout. The loan was paid in full 7 years early at a hefty rate of interest. We're still waiting for roughly 30 billion dollar repayment of GM and Chrysler that Obama forked out. I venture to say we will be waiting a long time to get the taxpayers paid back considering Obama's plan turned over the execution of the company to the UAW and screwed the shareholders aka private citizens.

In any case Iacocca was a legend in business having designed the Ford Mustang and the Mini Van. He knew business. He was an inspiration to anyone who had the fortune of meeting him. His few words of encouragement in the week long training session was one of the highlights of my life.

One more thing. He's a lifelong Democrat. Slightly liberal on the social political side, but certainly no where near the ideals of a progressive. He told us a story of how he once smoked a cigar with Fidel Castro and discussed life. In this era he would at best be considered a moderate based on the political swing of the current paradigm.

He just endorsed Romney. That says it all.
Stick a fork in Obama, he's done.