InvestorsHub Logo
icon url

3xBuBu

12/11/08 9:03 PM

#3483 RE: frenchee #3475

all four must be in sync now lol
he developments unfolded after Senate Republican leader Mitch McConnell of Kentucky joined other GOP lawmakers in announcing his opposition to a White House-backed bill that was approved by the House on Wednesday. He called for an alternative that would reduce the wages and benefits of the Detroit Three automakers to bring them in line with those paid by Japanese carmakers Nissan, Toyota and Honda.

Sen. Bob Corker, R-Tenn., the sponsor of that proposal, was in closed-door meetings with UAW officials and Democratic Sen. Chris Dodd of Connecticut, the Banking Committee chairman, to see if it could be modified to win the support of Democrats, who count labor unions among their strongest political allies.

A growing number of Republicans and Democrats were turning against the House-passed bill — itself the product of hard-fought negotiations between the Bush White House and congressional Democrats — despite urgent entreaties from both President Bush and President-elect Barack Obama for quick action to spare the economy the added pain of a potential automaker collapse.

http://www.usatoday.com/money/autos/2008-12-10-house-approves-auto-bailout-bill_N.htm?csp=34