Cross posted from GD:
Why are these GOP senators unhappy with auto aid?
Rescue opponents want more UAW sacrifices
BY TODD SPANGLER AND JUSTIN HYDE • FREE PRESS WASHINGTON STAFF • DECEMBER 11, 2008
WASHINGTON -- Over the last decade, the UAW has spent more than $10 million to elect Democrats and defeat Republicans -- some of them the same GOP senators now being asked to rescue the domestic auto industry.
Those Republican senators, who may hold the key to getting the $14-billion lifeline to General Motors Corp. and Chrysler LLC passed through Congress, are clamoring for deeper union concessions as a condition to any kind of support.
Read entire article here:
http://www.freep.com/article/20081211/BUSINESS01/812110... I love this, from Barney Frank, at the end:
"Rep. Barney Frank, D-Mass., who chairs the House Financial Services Committee, said there appeared to be a double standard on the part of Republicans focusing on autoworkers' pay, when they voiced no similar concerns about employee wages or benefits before approving a $700-billion bailout for the financial industry.
"The average worker at AIG makes more money than an autoworker. The average worker at Citigroup ... makes more than an autoworker," Frank said Wednesday. "Does anybody remember Citigroup being told that as a condition of its money, they have to get no more than a community banker gets?""