A handful of wanna-be union-busting Southern senators with non-union automakers in their states don't give a rat's ass about the U.S. auto industry or its workers. They claim to be against a taxpayer-funded auto bailout. Of course, tons of taxpayer's dollars went to subsidize the foreign auto plants in those states.
From a separate AP report, the Bush administration said it was ready to step in and prevent the U.S. auto industry from collapsing after the Senate refused to pass a rescue bill endorsed by President George W. Bush and congressional Democrats. The most obvious source of help was the Wall Street bailout fund.
"The current weakened state of the economy is such that it could not withstand a body blow like a disorderly bankruptcy in the auto industry," White House press secretary Dana Perino said.
Treasury spokeswoman Brookly McLaughlin said, "Because Congress failed to act, we will stand ready to prevent an imminent failure until Congress reconvenes and acts to address the long-term viability of the industry."
The Wall Street bailout fund was one of the few remaining options for General Motors Corp. and Chrysler LLC, which have said they could run out of cash within weeks. Bush had originally refused to use the bailout fund to help the automakers, insisting that help come from Congress. But the White House said it must reconsider after the Senate failed to agree on a $14 billion rescue plan.
"Congress spoke last night. They don't have the votes to do anything," Perino told reporters on Air Force One as Bush traveled to a commencement speech in Texas. "They didn't get it over the goal line and so we have to consider what other options we would take." She declined to say when a decision would be made.
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The actual "burden" rate of a UAW worker is a little over $70\hour while in Japan it's about $30\hour. Burden rates (an accounting term which totals up all the financial "burdens" placed on a company to employee a worker) account for healthcare and retirement. But to get an idea of just f'ed up US healthcare and associated costs are compared to Japan heres some must reading.. http://www.nyu.edu/projects/rodwin/lessons.html
The a'holes in congress might want to note that per capita Japan spends less than half what we spend, their life expentancy is 3 years longer, and Japan infant mortality rate is half what it is in the US. So it looks like they are kicking our leadership asses in cars, healthcare, and political leadership.
TBLMISBT
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