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REPUBLICAN DEMINT WARNS OF RIOTS IF DETROIT BAILOUT IS PASSED
Sen. Jim DeMint (R-SC) has been one of the Senate’s fiercest opponents of the auto bailout, claiming rescue packages would lead the country to socialism. Yesterday, DeMint claimed there would be “riots” if Congress approves a bailout for the Big Three automakers:
We’re going to have riots. There are already people rioting because they’re losing their jobs when somebody else is being bailed out. The fairness of it becomes more and more evident as we go along. Because the auto companies may be hurting there are very few companies that aren’t hurting and are gonna hurt. We don’t have enough money to bail everyone out.
Watch it:
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december 12th, 2008 at 8:22 am
I think riots will erupt if this buttmunch doesnt shut up soon
december 12th, 2008 at 8:24 am
It’s NOT a bailout, it’s a low interest loan. However, what everyone doesn’t say is what the impact, in dollars, of those 3M (or more) unemployed autoworkers (and the other companies that fail as a result) will be on our states’ unemployment rolls or any other tax payer funded safety net like medicare, medicaid, food stamps, etc.
december 12th, 2008 at 12:01 pm
Destijds is de engelse motorfiets industrie op de fles gegaan, omdat ze op geen enkele wijze opkonden tegen de superieure japanse producten die de markt overspoelden.
Hetzelfde gebeurt met de autoindustrie in de verenigde staten.
Sterk verouderde industrie, veel te weinig innovatie, het is een wonder dat ze het nog zo lang hebben volgehouden.
Een paar freaks zoals de adepten voor Harley Davidson motoren, vormen geen basis om een nationale industrie van deze omvang op de been te houden.