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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (440560)	12/15/2008 10:10:58 AM
From: i-node	Read Replies (1) \| Respond to of 1573689

Corker and other Republicans sought a compromise that would have required the carmakers to restructure their debt and bring wages and benefits in line with those paid by Toyota, Honda and Nissan in the United States. The legislation died when Republicans demanded upfront pay and benefit concessions from the United Auto Workers, which union leaders rejected. Yeah, those Republicans were bad for demanding, when the bondholders were going to take a 70% haircut, that the UAW give anything up. This union needs to die. I know Corker is trying hard to bring them to terms, but honestly, he just needs to back off and let the UAW hang itself so we can be done with them once and for all.

To: Alighieri who wrote (440560)	12/15/2008 3:08:10 PM
From: tejek	Respond to of 1573689

White House officials said they did not anticipate announcing funding for the companies on Monday, as auto industry officials held discussions with the administration on the amount of money and any conditions that might be imposed. "I think it's very likely the White House will do what it said it's going to do, not allow the auto industry to collapse," said Sen. Carl Levin, D-Mich., among several auto state lawmakers optimistic about the funding. But Sen. Bob Corker, R-Tenn., said he spoke with the White House early Sunday and no decisions had been made. "I don't think they yet know what they're going to do," Corker said. Ron Gettelfinger, the president of the United Auto Workers, said the union had not held discussions with the White House I think Corker may be playing a little here. Last Friday, the WH warned the southern senators that if they didn't come through with a loan, the White House would.