Jim DeMint is no cheap date. $26,500 won’t buy a bailout from him, so the Big 3 are probably wishing they gave him a bit more cash. The uptight congressman from the Upstate continues to rattle the saber in favor of foreign automakers in South Carolina, forgetting that the Big 3 have an impact in our own backyard.
Detroit is one of the biggest customers of the steel mill in Georgetown, and orders are already down. While I can appreciate the reticence of an additional bailout given the stellar success of the first one, keep in mind that those 2 million-plus jobs on the line if the carmakers fail will likely include folks in South Carolina. Aside from the impact a Detroit implosion will have on the steel mill, don’t forget about the other businesses in the area that depend on those jobs to stay alive. It's not like we have the 4th highest unemployment rate in the nation.
http://www.indigojournal.com/showDiary.do?diaryId=287The bell is tolling for thee, DeMinted!!