Senator Warns of 'Riots' if Automakers Are Bailed Out

Business&Media ^ | 12/11/08 | Jeff Poor

[Sammy67]

Sen. Jim DeMint says unfair union influence and the bailout culture will anger many Americans.

By Jeff Poor Business & Media Institute 12/11/2008 1:28:37 PM

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 pushing this issue as far as it has gotten. The senator said the notion that reorganization under bankruptcy would not

[LibLieSlayer]

It has been mostly their trucks that people hate down here... I passed their plant in Kentucky back a few years ago and the people that build their trucks drive Fords and Chevies mostly... that and foreign compacts. I especially like the way their trucks burn oil from day one. I agree about the Toyotas.

LLS

[Anti-Bubba182]

I agree. If anyone would riot it would be the UAW if they DON’T get a bailout.