Posted on 12/11/2008 10:54:13 PM PST by Sammy67
Time and again we’ve heard about the lost jobs and economic impact of failing to bail out the beleaguered American auto manufacturers. But little mention has been made of the consequences of going through with the bailout, and how such an action would be viewed by other Americans.
In an interview following a Dec. 10 press conference where he and four other senators aired their opposition to the proposed bailout deal struck by congressional leaders and the White House (and approved by the U.S. House of Representatives 237-170 that evening), Sen. Jim DeMint, R-S.C., warned that the perception that some industries are being bailed out and some aren’t could lead to violence.
“We’re going to have riots. There are already people rioting because they’re losing their jobs when everybody else is being bailed out. The fairness of it becomes more and more evident as we go along. The auto companies may be hurting,” he said, but “there are very few companies that aren’t hurting and they’re going to hurt. We don’t have enough money to bail everyone out.”
DeMint blamed the unions for
(Excerpt) Read more at businessandmedia.org ...
This man is my hero.
“There are already people rioting because they’re losing their jobs when everybody else is being bailed out.”
I’ve missed the riots. Is that true or hyperbole?
Good! Peaceful riots in great numbers may be what it’s going to take. This crazy bailing out private companies and printing money which is going to destroy our economy and make us vulnerable has to STOP NOWWWWWWWWWWW
Demint for President. Lets have a rally in Iowa and start the campaign. And Inhof for VP. Or Sessions. No Rinos allowed.
All animals are created equal. Cept some are more equal than others. Give a kid Animal Farm and Atlas Shrugs for Christmas.
“GOP Senator Warns of ‘Riots’ if Automakers Are Bailed Out”
WHAT? Put down the remote and actually DO something?
PA-LEEEZE!
If I was one of the yuppies who had a quarter to a third of my life savings wiped out I would be out picketing (to say the least).
Ah well, please pass the latte.
Give anybody who buys a new car from the Big Three a 300% tax credit.
Semi-agree. I wouldn’t mind so much if they weren’t talking about having all these strings attached- like the “auto-czar.” I hear a lot of our esteemed politicans saying, “well we can’t just give them the loans because they’ll be back for more. We need oversight and commitments, blah, blah blah.” I’d actually rather them just give them the loans (if they’re going to do it anyway)Make it clear there will be no more after that, and then that’s it.
I respectfully disagree.
This is not manufacturing bailout, it is a Union bailout. This is why all the Dems support it.
Unions are the problem.
Wonder if DeMint meant by “riots” was the takeover of the factory at Republic Window?
Kinda mixed on the American automakers bailout. DeMint has been consistent on all the bailout stuff....he was against the finance industry bailout....but some of the ones who pushed the finance bailout are against the auto bailout...and have put the GOP in a tenuous position in some of the heavy industry states.
The best way to save the American auto industry is to dump the Liberal Globalist/Free Trade nonsense...and start putting tariffs on foreign made autos. Use the tarriff money to aid the American auto industry.
I am beginning to question any and all Free Traders on their patriotism....do you prefer America and American made over products made by our enemies?
“I’m against government involvement in the free market in principle but government caused this financial meltdown and hence the problems with GM and the others.”
(no reply needed... )
“If I was one of the yuppies who had a quarter to a third of my life savings wiped out I would be out picketing (to say the least).”
Well, I’m not a yuppie, but I’m a white collar worker, and I lost some 55% of the value of my IRAs and 401Ks. I’ll be 58 on my next birthday. My retirement funds are, for all practical purposes, wiped out for retirement purposes. Put simply, I will never be able to retire, as I don’t have enough time for the market to bounce back so I can recover what I have lost.
“This is not manufacturing bailout, it is a Union bailout. This is why all the Dems support it. Unions are the problem.”
Agreed.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.