Laying Blame Where it Belongs:
Senator Coburn thinks that he has found the culprit behind the failed bailout. A shame he has missed the mark.
The auto bailout bill, which passed the House in a 237-170 vote on Wednesday, was defeated in a 52-35 procedural vote in the Senate late Thursday night after negotiations between automakers, the UAW, and Sen. Bob Corker (R-Tenn.) fell apart.
“As far as the failure of last night, it solely lies on UAW,” Coburn told CNSNews.com. “All we asked was, ‘Just give us a date at which you will have competitive wage rates. We will put it in and that’s what you will have to meet.’ They would not move. They would not renegotiate their contract with GM as far as wage rates.”
I wish that that the big three weren’t in the mess that they are, however, government is not the solution. Bankruptcy may be the only option left.