And I hear from time to time people say, hey, wait a second, we have civil liberties we have to worry about. But don't forget the most important civi… - Mitt Romney

The historic meaning of the words “high crimes and misdemeanors,” the writings of the Founders and my own reasoned judgment convince me that a president can indeed commit acts against the public trust that are so egregious that while they are not statutory crimes, they would demand removal from office. To maintain that the lack of a codified and comprehensive list of all the outrageous acts that a president might conceivably commit renders Congress powerless to remove such a president defies reason.

The American auto industry is vital to our national interest as an employer and as a hub for manufacturing. A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs. The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk. In a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check.

Mitt Romney: Well, but will the people in Nevada not have to pay Nevada sales tax and in addition pay the 9% tax?
Herman Cain: Governor Romney, you're doing the same thing that they're doing. You're mixing apples and oranges. You're going to pay —
Mitt Romney: I'm —
Herman Cain: No, no, no, no. You're going to pay the state sales tax, no matter what.
Mitt Romney: Right.
Herman Cain: Whether you throw out the existing code and you put in our plan, you're still going to pay that. That's apples and oranges.
Mitt Romney: Fine. And I'm going to be getting a bushel basket that has apples and oranges in it because I've got to pay both taxes, and the people in Nevada don't want to pay both taxes.