Why does the GOP hate US workers?
by Erin Alecto
By now you've heard about the Republican rejection of the American workers they put on a pedestal during the last election. This morning Josh Marshall passes along this little tidbit:
I don't think it'll be hard to explain why Senate Republicans had the final say: that's what the Constitution and Senate rules require. How else would we have passed anything?
I do think it'll be hard for Senate Republicans to explain themselves.
They were invited, repeatedly, to participate in more than a week of negotiations with a Republican White House. They declined.
They were asked to provide an alternative bill. They refused.
Finally, one of their members - Senator Corker of Tennessee - participated in a day-long negotiation with Senate Democrats, the UAW, and bondholders. Everyone made major concessions. Democrats gave up efficiency and emissions standards. UAW accepted major benefit cuts and agreed to reduce workers' wages. Bondholders signed off on a serious haircut. But when Senator Corker took the deal back to the Republican Conference, they argued for two hours and ultimately rejected it.
Why? Because they wanted the federal government to forcibly reduce the wages of American workers within the next 12 months.
Heard this morning that President Bush may still use TARP money to rescue the automakers. He reportedly doesn't want to end up as the next Hoover.
Digby isn't quite so optimistic. Ian Walsh believes that Obama has options that can save the industry. Jane Hamsher notes that the UAW is already being advertised as the scapegoat by the media, while the UAW's Gettelfinger thinks they were set up. Meanwhile, the markets react as Reid predicted. So. What's next?