Bush fails yet again and may revive auto bailout!

Last night it was reported that talks about the auto bailout in the Senate broke down because the Unite Autoworkers Union refused to make a serious concession toward solving the real problem in Detroit-automaker profitability(from the Washington Post):

The legislation would have provided emergency loans to General Motors and Chrysler, which have said they face imminent collapse without federal help. The high-stakes talks broke down over when the wages of union workers would be slashed to the same level as those paid to nonunion workers at U.S. plants of foreign automakers such as Toyota and Honda.

Sen. Bob Corker (Tenn.), the lead GOP negotiator, said the sides were on the brink of a deal on the amendment he had offered. Representatives from the United Auto Workers -- who were present for most of the negotiations -- would not agree to a specific date, Corker said.

"We offered any day -- any day -- in 2009," Corker said.

The UAW IS THE PROBLEM. While lawmakers keep spewing about hybrid cars and quality, our Detroit automakers are building good cars that people want to buy. The problem is that they lose money on every car, roughly $1,500 on each and every car. No business can operate that way and they won't make it up on volume. And it is frankly about time the Republicans stood up to this continued bailout frenzy by this congress and President.

And now Bush wants to bail them out anyway. Is there anyone left in this country that has any confidence in George Bush anymore? If so, I don't know them.

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