Will the senators who voted against the auto bailout admit blame when the dow plummets today?
More importantly will they run for re-election on the platform that they were responsible for losing millions of decent paying auto and manufacturing jobs.....and caused a full blown depression? The autoworkers make a decent amount of money - not unreasonable. 20 yr seniority line worker gets $28/hr. which is $58,000 per year. You still can't send your kids to college on that. And more than anything the auto companies suffer from unfair trade policies - not mismanagement. Every other country provides subsidies and health care. Ours doesn't.
Asked By: islander818 - 12/12/2008
Best Answer - Chosen by Asker
The Senators who voted against this stated that American auto workers are to blame for their failure to vote in favor of the bailout because they declined to take a wage cut and pay more for their benefits. Please see Sen. Mich McConnel's statements: http://www.cbsnews.com/stories/2008/12/12/politics/politico/... More
Answered By: sjg0925 - 12/13/2008
Additional Answers (14)
So you think American taxpayers should have to spend their hard earned money saving companies who are run incompetently? The auto industry has mismanagement and a bad labor deal with the UAW (which is a direct result of poor leadership) to blame... More
Answered By: Lurch - 12/12/2008
They voted for the $7,000,000 Million Banker bailout. Why would they get in trouble for voting no on this... More
Answered By: vote_usa_first - 12/12/2008
They won't have to, since the effects of the bailout are likely to be much worse for the public than not giving our money away... More
Answered By: N. Cognito - 12/12/2008
Answer: A blind man could see the stock drop...So What. I'll wager the obits on this one are a bit hasty, don't you.
Answered By: trumain - 12/12/2008
It was up yesterday... so it should drop today. It's been going up and down since November 4th... if you haven't noticed. As far as your 28.00 dollar an hour, you may want to look again at the figure, it's higher than that.
Answered By: damond h - 12/12/2008
Well they won't take responsibility for it and they will not admit that they have messed up this country, so of course they'll blame the bailout! I still think it was a big mistake for standard oil to have all of EV1's (electric cars) destroyed... More
Answered By: tigersaregods - 12/12/2008
We are taking money from hard working lower income workers to bailout over paid unions workers..........that makes no sense to me. If the big three were NOT union they would probably not be in the trouble they are in. Have you noticed Honda,Toyota, and Nissan are not whining for a bailout? Could it be that unions have... More
Answered By: roysbigtoys - 12/12/2008
I think the question should be is the UAW going to take the blame for losing these jobs. If not for the UAW balking at compromising, the bailout would have passed. I don't think they should get a penny. Let them file bankruptcy and restructure they will be stronger in the long run.
Answered By: rpwillis1 - 12/12/2008
The sad truth is that the bailout money would not even save them. It would just be a temporary fix.
Answered By: ghost - 12/12/2008
I have to wonder with bankruptcy and almost 500,000 retirements being reduced, wages being cut 50% or better how badly the economy will suffer with the foreclosures and reductions in spending. The added burden of the health care on the public sector. This seems like a boon for the big Three, but in the end once again... More
Answered By: Kartek - 12/12/2008
This was nothing more than an attempt to bust the UAW by the senate republicans. The wages of UAW workers is on average nearly identical to the wages of Volkswagen, Nissan and Toyota workers who work in plants in the home states of the most vocal republican opponents of the bill. Can Jan. 20th get here any sooner?
Answered By: webned - 12/12/2008
The auto 'bailout' has become essentially class warfare.The major GOP senators who led the votes against the big 3 ALL have multiple foreign auto companies in their states! And Shelby is the worst, with Corker not far behind. Their 'no' votes were a political decision & nothing more... More
Answered By: Sandra R - 12/12/2008
I don't disagree with your position on the auto worker wages and $28/hr for 20 years of service is not unreasonable. Wages are not the issue but the Union imposed costs of job banking, unreasonable retirement and medical benefits, inflexible work rules and other restrictions put on the Company are. Unions have lost... More
Answered By: RICHARD C - 12/12/2008
I am making it my mission to oust whoever voted against that bill and continues to aide in the destruction against the middle class. This is outrageous!!!
Answered By: Fossy - 12/12/2008
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