Breaking News: Auto Talks Break Down

CNN is reporting that the auto negotiations in the Senate have just broken down and the bailout bill appears to be dead.

We can throw billions at Wall Street but cannot save the auto industry. How sad. You know, it isn’t the fact that the Senate Republicans have killed this bill that really bothers me. It’s that these guys will not stand up and tell the American public that the middle class simply doesn’t matter anymore. They don’t care if you to have a good job for a good wage. They want you to work at McD’s and Wal-Mart and feel happy about it. Doesn’t that seem to be what they really want?

From MSNBC:

A $14 billion emergency bailout for U.S. automakers collapsed in the Senate Thursday night after the United Auto Workers refused to accede to Republican demands for swift wage cuts.

Senate Majority Leader Harry Reid said he was “terribly disappointed” about the demise of an emerging bipartisan deal to rescue Detroit’s Big Three.

He spoke shortly after Republicans left a closed-door meeting where they balked at giving the automakers federal aid unless their powerful union agreed to slash wages next year to bring them into line with those of Japanese carmakers. (more… )

0 Responses

  1. I don’t get it, they didn’t ask the GM management to take pay cuts, or the pricks on Wall Street. Once again, they want to blame the whole mess on those greedy, middle class union workers, just like the whole financial crisis was the result of a few middle class deadbeats who missed a mortgage payment or two.

  2. Some observations/questions:

    Conservatives also killed the original financial bailout, only to give in to intense pressure later on. Seems to me they have been consistent in trying to stay out of the marketplace. Does it make you question the left mantra of the Rep party in bed with big business?

    “You know, it isn’t the fact that the Senate Republicans have killed this bill that really bothers me. It’s that these guys will not stand up and tell the American public that the middle class simply doesn’t matter anymore.” EC – I see it 180 degrees opposite. To me, it demonstrates that they do care about protecting the middle class. We don’t get to roll out of bed and make $30/hr for unskilled labor. If that were the case, the middle class would cease to exist. I am glad they are going after the unions and these over inflated wages. Why would any company manufacture anything in the US under those restrictions?

    That said – I do agree with leftbanker’s sentiment. If we are going after the hourly wage earners, management needs to pony up even moreso.

  3. Doc writes: They don’t care if you to have a good job for a good wage. They want you to work at McD’s and Wal-Mart and feel happy about it. Doesn’t that seem to be what they really want?

    I agree. Additionally, they seek to divide us and turn us against each other. For example:

    Today ABC-TV’s commentator Peter Morici, from the University of Maryland, reported flatly that “greedy unions” killed off Detroit’s bailout. Conveniently, Morici omitted mentioning that Republican senators had demanded UAW members grease the bailout by accepting an immediate hourly wage cut from $28 to $14.

    Simultaneous with the ongoing national stickup, there’s a national embargo on reporting the truth.

    America: Formerly the land of the free and the home of the brave. Presently: the land of the broke and the home of the bewildered.

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Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

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