Friday, December 12, 2008

The Real Reason Southern Republicans Oppose the Bailout from The Washington Independent


The news coverage today is all about how the greedy auto workers and their unions refused to accept the oh-so-reasonable compromise proposed by Senate Republicans that would require them to quickly drop their wages and benefits to match those of foreign-owned plants.

But none of the mainstream news coverage I've seen – whether in the New York Times, Washington Post or CBS news – mentions the fact that Senator Bob Corker of Tennessee and his fellow Republicans who torpedoed the deal are from the same Southern states where those foreign companies own and operate auto plants – none of which are unionized, and all of which provide lower wages and fewer benefits than the Big Three.

(Tennessee is home to a Volkswagen plant and Nissan's North American headquarters, while Alabama and Georgia have Honda and Kia Motors Corp. factories. These Southern states have all worked hard to keep the foreign companies from going to Detroit and other Northern states (where unions still exist), by providing huge state taxpayer subsidies.)

rest at http://washingtonindependent.com/21981/why-southern-republicans-oppose-the-bailout

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