Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!



Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups





















« CROWS: R2D2 With a Bad Attitude | Main | Senate Source: Auto Bailout Dead, At Least Until Next Year »
December 11, 2008

Automaker Bailout Back On? UPDATE: Apparently Not UPDATE X2 GOP Wanted Wage Parity In 09, UAW When Current Contract Expires In 2011. Clouture Fails, Bailout Dead Until At Least January.

It seemed as if Republican opposition in the Senate had killed the auto bailout earlier today but nothing is ever really dead in DC. Shockingly, there was a bipartisan Group Of unknown size involved in bringing it back to life.

A bipartisan group of senators reached tentative agreement Thursday night on an emergency $14 billion bailout for U.S. automakers, the Senate's top Democrat said. Majority Leader Harry Reid said the lead Republican architect of the deal was briefing colleagues on the compromise, and Democrats were prepared to move forward on it quickly.

"We're ready to go," said Reid.

His announcement came after hours of marathon talks at the Capitol between labor, lawmakers and the auto industry to salvage the Big Three rescue. The talks centered on possible wage and benefit concessions from the United Auto Workers union as well as large-scale debt restructuring by General Motors Corp., Ford Motor Co. and Chrysler LLC.

The details of the agreement weren't immediately known, and it was not clear whether Republicans senators — who revolted against an auto bailout the Bush White House negotiated with congressional Democrats — would go along.

Leaders stressed that the deal wasn't final.

"All issues are still on the table," said Sen. Dick Durbin of Illinois, the No. 2 Democrat, as he emerged from the talks.

But it was clear lawmakers had made substantial progress toward getting the auto industry aid back on track, and members of both parties were in search of an accord.

"We've got some issues still to resolve but we all want to resolve them," said Sen. Bob Corker, R-Tenn., who led the closed-door talks for his party.

No word yet on any riots breaking out.

What Corker wanted to do was give the "Car Czar" more power to force concessions from the UAW.

Corker has put forward an amendment that would give a federal "car czar" the power to force the Detroit three into bankruptcy if they didn't comply with certain restructuring goals, which would include tough concessions from the unions. Senate GOP leader Mitch McConnell praised Corker's amendment in his speech today.

The danger here for conservatives is that Corker comes out of negotiations with a watered-down version of his original proposal, but one that still sounds tough enough to garner significant Republican support. If that happens, there's a chance that Harry Reid can get the 60 votes he needs to bail out the Detroit three.

Republicans get rolled by Democrats? Surely you jest!

I put the question mark in the headline because it's not done yet but let's be honest, there's no way Congress can do nothing. I'm not saying they shouldn't but the fact is when these things happen, Congressmen and Senators seem compelled to do something, whether it helps or hurts.

UPDATE: Chris "Friend Of Angelo" Dodd is blaming Senate Republicans for killing the auto industry. Heh. He said the only issue they couldn't come to agreement on was the pay cut that would create parity between US manufacturers and foreign manufacture here in the US. Dodd said the UAW agreed to that, they just wouldn't agree to setting a date when it would happen. Which you know, is not exactly agreeing on it.

Corker is speaking now, he said Republicans told Democrats and the UAW to 'pick any day in 2009' and they said no. Perhaps I'm too cynical but it seems like the union wasn't really serioius about that whole parity thing after all.

Debbie Stabenow from Michigan is claiming that the Republicans only want to screw workers by cutting their wages. It's almost like she has no fucking clue about the economics of the auto industry or something.

Apparently the UAW wanted the wage parity part of the plan to wait until 2011 when their current contract expires.

Reid says it's dead until next Congress starts up in January. He suggests that Bush should use TARP money to get the automakers through.


auto.jpg

Thanks to Mike via Dave in Texas

digg this
posted by DrewM. at 09:12 PM

| Access Comments




Recent Comments
See? Nobody cares: "first? ..."

Nightwatch: "For now it seems... Donald Trump will be our Jo ..."

Werner Herzog Has Opinions: "Werner has great fondness for the kitty cats, as C ..."

TexasDan: "Probably too late but it's Tanah Lot. ..."

Pug Mahon, Jailhouse Bones Parker: "My apologies you must understand. Living in thi ..."

B.F. Skinner: "211 That walk down to the ocean look like a dragon ..."

publius, Rascally Mr. Miley (w6EFb): " See the SOHO image here: https://tinyurl.com/ ..."

Nightwatch: "209 FLAME...retracted!!! My apologies you mu ..."

GWB: "That walk down to the ocean look like a dragon nec ..."

Lurking Lurker who lurks lurkingly: "Posted by: Nightwatch at October 10, 2024 09:44 PM ..."

Pug Mahon, Jailhouse Bones Parker: "202 OH very well then ...you must be all for PR ..."

Kindltot: "I got an offer in 2020 to work pot harvest in Oreg ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64