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GOP Senator Warns of 'Riots' if Automakers Are Bailed Out
Business & Media Institute ^ | 12/11/08 | Jeff Poor

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 ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: american; automakers; bailouts; banking; barackobama; business; cars; companies; congress; democrats; detroit; economy; employment; finance; ford; gm; gop; house; jimdemint; jobs; money; nationalism; politics; private; representatives; revolt; riots; senator; socialism; uaw; unitedstates; usa; usgovernment; wallstreet; whitehouse
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1 posted on 12/11/2008 10:54:14 PM PST by Sammy67
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To: Sammy67
....We don’t have enough money to bail everyone out....

This man is my hero.

2 posted on 12/11/2008 10:56:03 PM PST by Ronzo (Poetry can be a better tool of understanding than tedious scribblings of winners of the Noble Prize)
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To: Sammy67

“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?


3 posted on 12/11/2008 10:56:06 PM PST by EDINVA
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To: Sammy67

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


4 posted on 12/11/2008 10:56:31 PM PST by KellyM37
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To: KellyM37
Peaceful Riot?


5 posted on 12/11/2008 10:59:56 PM PST by Uncle Miltie (SARAH *** JOE *** 2012!)
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To: Ronzo

Demint for President. Lets have a rally in Iowa and start the campaign. And Inhof for VP. Or Sessions. No Rinos allowed.


6 posted on 12/11/2008 11:02:20 PM PST by screaminsunshine (.)
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To: EDINVA

All animals are created equal. Cept some are more equal than others. Give a kid Animal Farm and Atlas Shrugs for Christmas.


7 posted on 12/11/2008 11:04:21 PM PST by screaminsunshine (.)
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To: Sammy67

“GOP Senator Warns of ‘Riots’ if Automakers Are Bailed Out”

WHAT? Put down the remote and actually DO something?

PA-LEEEZE!


8 posted on 12/11/2008 11:07:30 PM PST by Grunthor (bush04 - 62, 040, 610 mccain08 - 58, 164, 693.......Moving left is NOT the answer!)
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To: Grunthor

http://www.youtube.com/watch?v=oLKOkmmRIKc&eurl=http://hotair.com/archives/2008/12/11/jim-demint-well-have-riots-if-the-auto-bailout-passes/


9 posted on 12/11/2008 11:07:52 PM PST by Sammy67
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To: Sammy67

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.


10 posted on 12/11/2008 11:22:05 PM PST by NaughtiusMaximus (I refuse allegiance to any foreign born alleged president.)
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To: Sammy67
What we are going thru right now is the direct result of borrow borrow borrow to spend spend spend. It is impossible to create long term prosperity by borrowing for consumption.
11 posted on 12/11/2008 11:29:58 PM PST by ajay_kumar (Sacrificial RINO's in 2012, Real Conservatives in 2016)
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To: Sammy67; All
I have mixed emotions on this. I would like to see the Auto Companies helped. It is vital that we keep our manufacturing base intact. We have lost so much of our manufacturing already. Losing our auto industry might destroy US manufacturing for good.

I'm not impressed with DeMint the way some others are. He's wrong on this issue. The Auto Industry should be top priority for our survival.

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. Recovery will come one day and people will need to buy cars. Some people on this site are almost orgasmic with delight at the demise of the US Auto Industry. they are very sick people.
12 posted on 12/11/2008 11:53:06 PM PST by truthguy (Good intentions are not enough!)
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To: Sammy67

Give anybody who buys a new car from the Big Three a 300% tax credit.


13 posted on 12/11/2008 11:57:52 PM PST by Mojave (http://barackobamajokes.googlepages.com/obama_funny)
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To: Sammy67
move the union under the control of the government with a no strike clause
14 posted on 12/12/2008 12:15:52 AM PST by jrd
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To: truthguy

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.


15 posted on 12/12/2008 1:38:30 AM PST by SMCC1
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To: truthguy

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.


16 posted on 12/12/2008 2:13:54 AM PST by neverbluffer
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To: All

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?


17 posted on 12/12/2008 2:18:15 AM PST by UCFRoadWarrior (2010: A RINO Purge Odyssey)
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To: truthguy

“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... )


18 posted on 12/12/2008 2:33:50 AM PST by This_far
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To: NaughtiusMaximus

“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.


19 posted on 12/12/2008 3:41:59 AM PST by ought-six ( Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
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To: neverbluffer

“This is not manufacturing bailout, it is a Union bailout. This is why all the Dems support it. Unions are the problem.”

Agreed.


20 posted on 12/12/2008 3:42:51 AM PST by ought-six ( Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
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