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[Lindsey] Graham opposes auto industry bailout plan
WCBD DT/TV NBC 2 Charleston, SC ^
| 2008-12-11
Posted on 12/11/2008 6:58:29 PM PST by rabscuttle385
South Carolina Senator Lindsey Graham, a Republican, said Thursday that he opposes the auto bailout plan currently in Congress. Read his full statement:
“I oppose the current auto bailout plan.
“Simply put, the model Detroit has created will not sustain itself in the global economy. They need to make significant, structural changes before they receive federal assistance and those changes should be made in the private sector.
“No one wants to see these companies fail and workers displaced. I feel for the car dealers and their employees who are being hurt by years of bad decisions made by the leadership of the Big 3. But I also realize that unless major, fundamental changes are made in the way the Big 3 operate, they will likely find themselves right back in the same situation.
“I will continue to be open to proposals which help return the auto companies to profitable enterprises and protect the taxpayer. The current plan does not meet those standards.”
TOPICS: Business/Economy; Government; News/Current Events; US: South Carolina
KEYWORDS: 110th; bailout; bailoutnation; chrysler; financialcrisis; ford; gm; hellisfreezingover; lindseygraham; panicof2008; pigsareflying; rino; sc; socialism; ussenate
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To: upchuck; SC Swamp Fox
2
posted on
12/11/2008 6:58:50 PM PST
by
rabscuttle385
("If this be treason, then make the most of it!" —Patrick Henry)
To: rabscuttle385
3
posted on
12/11/2008 7:00:09 PM PST
by
Loyalist
(It is my privilege to extend a laurel and hardy handshake to our new...president.)
To: rabscuttle385
4
posted on
12/11/2008 7:01:35 PM PST
by
NavVet
( If you don't defend Conservatism in the Primaries, you won't have it to defend in November)
To: rabscuttle385
The first thing he has done in a few years that I agree with.
5
posted on
12/11/2008 7:02:02 PM PST
by
Jet Jaguar
(Who would the terrorists vote for?)
To: rabscuttle385
I’m absolutely shocked. No doubts about our other Senator, Jim DeMint, but I’m shocked Grahamnesty is opposing it.
6
posted on
12/11/2008 7:03:39 PM PST
by
Tatze
(I'm in a state of taglinelessness!)
To: rabscuttle385
Oh wow.
So who the hell are the “bipartisan” Senators that reached a deal, I mean besides McCain.
7
posted on
12/11/2008 7:05:40 PM PST
by
redk
To: rabscuttle385
Calm down, he doesn’t oppose the UAW bailout, he opposes not getting more pork from it.
To: rabscuttle385
The hard reality is nobody will buy their cars even if they are bailed out. It may take years to bring back enough confidence in the economy for consumers to consider taking out new car auto loans to buy from the Big 3 even if they make cars anybody wants. You may want a new car but if you don’t have a job, you won’t buy a new car.
9
posted on
12/11/2008 7:06:13 PM PST
by
NoControllingLegalAuthority
((Barack Obama...stuck on stupid and idle as the world races by him like a bullet train...)
To: rabscuttle385
He found a set … who would’ a thunk it? But, I’m sure he will lose them again as soon as someone puts pressure on him. ;-)
10
posted on
12/11/2008 7:06:21 PM PST
by
doc1019
To: redk
Sen. Corker from Tennessee apparently led the Republican efforts on a compromise, according to news reports.
11
posted on
12/11/2008 7:08:33 PM PST
by
Deo volente
(Gov. Rod Blagojevich (DEMOCRAT-IL): "I want to make money.")
To: rabscuttle385
South Carolina Senator Lindsey Graham, a Republican, said Thursday that he opposes the auto bailout plan currently in Congress.Alzheimer's setting in perhaps?
12
posted on
12/11/2008 7:08:42 PM PST
by
EGPWS
(Trust in God, question everyone else)
To: EGPWS; indylindy; roamer_1; calcowgirl
13
posted on
12/11/2008 7:09:49 PM PST
by
rabscuttle385
("If this be treason, then make the most of it!" —Patrick Henry)
To: Deo volente
I stand corrected.
Apparently McCain didn’t give in, for once.
14
posted on
12/11/2008 7:11:29 PM PST
by
redk
To: rabscuttle385
...
the model Detroit has created will not sustain itself in the global economy. The sooner this is realized by all the sooner our economy will see better times.
15
posted on
12/11/2008 7:13:24 PM PST
by
EGPWS
(Trust in God, question everyone else)
To: rabscuttle385
Maybe its the Palin affect.
To: rabscuttle385
Did he buy stock in Toyota just before his announcement?
17
posted on
12/11/2008 7:17:47 PM PST
by
Mojave
(http://barackobamajokes.googlepages.com/obama_funny)
To: rabscuttle385
Opposes “current” plan. Probably wants to give them more money.
18
posted on
12/11/2008 7:18:34 PM PST
by
Jim Robinson
(We ARE the dissent, baby!)
To: Jet Jaguar
“The first thing he has done in a few years that I agree with.”
He and McCain must have vacationed on Brokeback Mountain. They made s’mores together! But Linseed said, “John, you make my ass tired!”
19
posted on
12/11/2008 7:23:52 PM PST
by
dbacks
(God help the USA.)
To: Jim Robinson
Opposes “current” plan. Probably wants to give them more money.A different twist to it however nowadays with the Republican party "conservatives" mindset, yep you are most likely on target Jim.
Sadly enough.
20
posted on
12/11/2008 7:23:59 PM PST
by
EGPWS
(Trust in God, question everyone else)
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