Sen. Corker: The Auto Bailout Failed Over 3 Words

The UAW will drag this out to the very end!. BK is the only answer for their complete disregard of the facts.

thank you republican senators. NO bailout!!! By the way, why blame the republicans when 49 democratic senators could have voted yes along with the 10 republicans. THEY DID NOT. WHY??? WHY DID HARRY REID VOTE NO??? UAW is to blame for not coming to the table and addressing legacy costs, especially the one where if you are laid off you still get 95% of your pay. I would love that. SCREW THE UAW!!!

you are my hero Sen Corker. Dont let wall street fear tactics dictate policy. It will never create prosperity.

Well don't forget that Bob Corker voted YES twice in favor of the bailout plan and he didn't open his mouth when the banking cartel was being bailed out either. The guy makes me ashamed to be a Tennessean.

Dear Mr. Corker and to the rest of the Republican Congressman I have always been a Republican but based on your actions and the actions of your other 34 colleagues on failure to pass this Auto Rescue Plan and support main street America, I have three words for you: NO MORE REPUBLICANS. I cannot believe you guys would allow this to go down ‘over 3 words’; what a flimsy excuse. Talk about un-American, you guys demonstrated this last night. I think that what you were trying to do was nothing more than a smoke screen to your real motive. My question to you is how much free money have you and your colleagues promised the Foreign Auto Makers to move into your states: in tax breaks? Free land, buildings, facilities, benefits? How much money does this come to? Answer this and compare this to you actions and I think this will tell the story. Unbelievable

While I hate to say it, there is NO way the next administration will let the Big 3 fail. The job losses would be too huge to tolerate. Perhaps GM could be sold to one of Japanese automakers ? Maybe then they'll learn how to curb costs, how to design for manufacturability, and do all the other things needed to put out a good product. Perhaps they'd get a lesson in executive mgmt pay as well. I don't understand why the UAW doesn't pump money into the big 3 since they have a very large bank account. Let them help save the jobs of their union workers. My question is...."which industry will be next ??" to go begging for bail out money due to many years of mismanagement. It probably won't be high tech, as they are allowed to fail and be sold for pennies on the dollar. Who will it be ?? Hopefully it won't be the "State governments" asking for bailout money. They get enough tax revenue, at least in the state I reside. I guess if they need more money they'd raise state taxes. We will get through this mess over the next 2-3 years. Hopefully folks will have learned the valuable lessons.

This is foolishness. Corker knows full well (unless he's a total moron) that the UAW cannot dictate to its members that they'll take a pay cut. It was a poison pill. The UAW would have had to vote on the pay cut, and it would not have passed.

Three words we should be using are "No freakin way". Personally I don't see the need to use the my hard earned money save jobs in Canada and Mexico. I can't believe the intellectual dishonesty going on with politicians today. Having survived the never ending onslaught of folks disparaging corporate America for moving jobs out of the country I find it amazing how the same folks now want to the bailout same corporations.

"commiserate" is ceratinly a word, but it seems you really mean "commeasurate". A thesaurus might be a good Holiday gift for Alexis.

Sen. Corker exposed the UAW for what its worth ---no real concessions with no real dates!In other words , the UAW will not bailout the liitle 3 , eventhough they have all the money to do it ---without taxpayer money!Let the companies go bankrupt and get it over with! There should be no taxpayer money given to the UAW and their cadilac compensation !

In any job, in any industry, anywhere in the world, having one year's advance notice to either accept a pay cut or find another job is more than reasonable. It's bad enough that the UAW is willing to cannibalize our children's futures by using borowed taxpayer dollars to save their own skins. I agree with Senator Corker ... that the UAW would not agree to a 2009 date is hard to believe.

We are sick of hearing about the car bailouts! It does not matter what the auto workers get paid because their cars are not selling. In california where I live, domestic car companies are losing market share rapidly. their models are simply not popular! Furthermore, when they get abailout, Do you think I would take out an auto loan for 20,000, knowing that I would get no price break, but my taxes are used to subsidise the big 3?

If you believe Senator Corker, the UAW leadership has egg on its face. It looks like his four points should be mandated by the TARP program as a precondition to funds. I believe if the Union Workers knew this deal and voted on it, they would take it. I would have. They would become the largest share owner of the company and their destiny would be in their hands. Now, the UAW leaders are gambling that a better deal from the next administration can be had next year. But, the big 3 will be in even more trouble and the economy will be at a low. This is a dangerous game to play with millions of jobs at stake.

Sen. Corker is correct; the only way for the big three is chapter 11 or 7 The stigma of a Bailout is worse than chapter 11. No investor, knowing that all the root causes will continue, will dump money into the same old. Same old The Auto Industry, including suppliers, needs new leadership & direction. The Global Warming Carbon "FRAUD" is coming next, better they mothball manufacturing until clearer heads (scientific & political) find their voice. Bush should respect the Congress's right to "NOT" approve Funding.

I think the UAW is content to wait for the new president to come in and save them...until then they won't offer much in the way of wage concessions for the present.

HELP ME GET THIS MESSAGE OUT THERE FOR OUR ELECTED OFFICIALS: We the People need a bailout! Take all those billions of dollars and divide it among the TAXPAYERS! Watch what will happen: We will: buy a car (auto makers/dealers benefit), pay off our loans (banks benefit), start a business (create jobs), Buy a house (Real Estate Market benefits), Christmas shop (retailers benefit), buy a digital TV (Electronic Retailers Benefit), Pay off our past taxes and start fresh (government benefits), buy health insurance and pay off old medical bills (healthcare benefits), go on a vacation (Airlines, etc benefit), Invest in our future (Wallstreet benefits). In otherwords; We get the chance to clean up our creditlines, and Free Enterprise reigns! These business who want a bailout will start focusing on the consumers and not congress??? The strong and worthy will survive, and those who have fallen too far behind will not make it.

I watched Sen Corker at both of the hearings. I have to say that his idea would have been the best for both worlds. The only problem is that whatever bill gets passed or they get TARP money, once they get it and we try and make thhem stick to the terms then I believe they will just thumb their noses and let their lawyers protect them further. Although tax payer costs will be high chapter 11 is the only answer to this problem. At least with chapter 11 we can see an end to tax payer payouts. If we just give them money there will be no end. It's time for the UAW to stop holding these companies hostage and as tax payers we can no way allow them to hold us hostage.

Alexis, When I have the opportunity, I'm moving there. They have great politicians like Fred Thompson, Bill Frist, Johnny Duncan, Lamar Alexander, Howard Baker and Bob Corker. Common Sense at its best. Bob H

I think Senator Corker shoud give up half his wages and pension for the fine job he has done along with the rest of the U. S. SENATE. Congress also can get in line right behind them.

Thank you Bob Corker. Those of us who agree with Senator Corker and other conservatives, have no one to appeal to with our position as CT has the dubious distinction of having Senators Dodd and Lieberman. Neither of whom response to emails. Our new representative is not in Washington yet, and Christopher Shays has left town. So a thank you to those who have fought against this bailout.

let the auto companies fail - someone will step up to take their place - bailing them out and keeping union labor in these companies is only postponing the inevitable. Why is the union even involved in these talks??? Are the big three publicly owned or union owned. - let them fail. I don't care how many American flags you post on union signage, flyers, and websites - everything about a union feels totally un-American. In America, you do have the right to benefits and good jobs - you also have the right to nothing - UNLESS YOU EARN IT. It is funny when on the UAW web page, one of the UAW articles state, "we are not the primary reason for the industries trobles" I guess it is good to know that the UAW does understand - IT IS PART OF THE PROBLEM and I am most certain not part of the soloution. There was a time for unions before current labor law and a global economy. Thank you UAW and all other unions for an about face stance against supply and demand - as well as common sense. Please write in your book of accomplishments the many unionized companies that you haves successfully put out of business. I am thinking you are about to have 3 trophies you can write about----big ones too. Thanks again for weakening our country.

Regardless of what happens I had decided a long time ago to never buy another vehicle with $1 having been paid to the UAW...!!!! They have bankrupted the American auto industry...and now they will do the same to the taxpayers. It's terrible that the government has the power to take your money and give it to those who are always standing with their hand out wanting more, with no regard for the people who must contribute against their will to the UAW's retirement and health care when they cannot afford to contribute to their own. It's a SAD-SAD day to have such a poor government who not only allows this but conspires with them to make it happen. Lest we forget, the taxpayer already has one HUGE legacy problem...it's called SOCIAL SECURITY...!!!!

If the reason to make the loans is to save jobs- it seems to me the auto workers are not worried about losing them so why not just let them work it out.

It is astonishing the UAW refused the deal negotiated by Sen Corker et.al. Let them eat cake. I hope Paulson /Bush do not give in to UAW, but insist on the same terms and conditions Sen Corker proposed.

Good job Senator! By insisting the UAW 'buy in' to this process vice standing on the sidelines, arrogantly awaiting an infusion of cash to keep the industry they've systematically strangled over the years afloat, he MAY encourage them to actually care about the viability of the companies. Probably not, though. I don't get a guaranteed wage increase every year and nobody has negotiated a "Job Bank" for me to spend my days playing Sudoku and yucking it up with my co-workers if I lose my job. I get to WORK TO KEEP MY JOB everyday! I'm amazed these folks can maintain a level of pride in themselves at all. Letting the car businesses fail while you wander in to the job bank every day and hang out while collecting 85%+ of your salary!? Call it what you want, but it's welfare. Plain and simple. Now, after bleeding them dry, you want ME to pay for your existence? Bad news folks. The golden goose is dead. Time to EARN your living like the rest of us. Careful though, if you earn too much your new President will raise your taxes to pay for the "less fortunate". Because after all, I don't make good money because I work hard. It's because I'm "MORE fortunate". Get to work . . and Enjoy! By the way, how much do you suppose Gettlefinger's income will decrease if the car companies go under? A LOT less than yours, I'm sure! Be a good time to give him the boot . . he's led the charge to kill these companies.