Republicans On Why They Hate Unions
If you need any more proof that the Republican attempt to break the UAW a week ago Thursday was really just a political stunt, read this article. In it, Republican after Republican attacks Bush for providing relief to the auto industry. That includes four of the Republican Senators who--Bob Corker has assured us--would have supported his "compromise" deal from last Thursday:
John McCain is leading the way, saying it is "unacceptable that we would leave the American taxpayer with a tab of tens of billions of dollars while failing to receive any serious concessions from the industry."
"I'm very disappointed," said Sen. Jon Kyl (R-Ariz.). "The president justified his action with a false choice: it's either this plan or abrupt liquidation of the companies. The White House seems to think that the industry didn't have time to deal with the problem or prepare for an orderly bankruptcy, which is false."
"These funds were not authorized by Congress for non-financial companies in distress," Gregg said, "but were to be used to restore liquidity and stability in the overall financial system of the country and to help prevent fundamental systemic risks in the global marketplace."
"I have strong objections to the use of Troubled Assets Relief Program (TARP) funds for industry specific bailouts. And I do not support this action," McConnell said. "But since the administration has chosen to use these funds to aid the automakers, it is important that the date-specific requirements on all the stakeholders be enforced."
Yet this is virtually the same bill, with one caveat: that the manufacturers, "can deviate from the quantitative targets above, providing that the firm reports the reasons for these deviations and makes the business case to achieve long-term viability in spite of the deviations."