Sen. Ensign Blames Union For Autos Bailout Collapse
Moments ago, Sen. John Ensign (R-Nev.), one of the Senate Republicans who killed the $14 billion package of emergency direct loans to struggling Detroit Big Three automakers, blamed the United Auto Workers for the bill's death.
"The UAW walked away from a very reasonable deal because they knew the White House was going to use TARP funds," Ensign said on CNBC, referring to the $700 billion rescue/bailout package.
The White House said this morning that it is considering using bailout funds to help the automakers.
"The UAW walked away from the table and then the Democrats walked away from the table," Ensign said.
If the Democrats and the UAW have so far achieved one gain in this mess, it's this: They've forced Republicans to turn on themselves. The White House had backed the $14 billion loan package passed by the House earlier this week, but Senate Republicans bucked President Bush.
"If the Bush administration would stand strong, it would force the UAW back to the table," Ensign said. "It's not too late for the Bush administration to stand tall and show some courage."
December 12, 2008; 1:21 PM ET
Categories: The Ticker | Tags: Chrysler, Ford, GM, UAW, automakers
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