(Washington, D.C.) – U.S. Sen. David Vitter today spoke on the floor of the U.S. Senate and outlined his opposition to the proposed auto bailout package.
“After reviewing the merits of this proposed package, I have reached what is for me a clear and inescapable conclusion: I cannot support this general bailout.  Instead of bringing about the real and dramatic restructuring that is needed to get these companies back on track, this plan will instead doom them to failure.
“This plan amounts to little more than a $15 billion promise from these auto companies to provide a detailed restructuring plan that is yet to come.  I will demand a fair and open amendment process and use every procedural tool available to delay and block the measure as it presently stands. 
“I won’t trivialize or minimize in any way the impact that the failure of these companies will have on thousands of American workers and their families.  I oppose this plan not in spite of those that will suffer if these companies do fail.  I oppose this plan because of that suffering, because I believe that another bailout will guarantee that these giants will fall.