Originally published by Mike gamecock DeVine as Legal Editor for The Minority Report
The $15B Bush-Democrat Car Csar bridge bailout loan bill failed last night in the U.S. Senate.
Majority Leader Harry Reid (D-NV) said he will not allow a vote on the Corker Amendment bill that would condition a bridge loan to the Big Three on their autoworkers agreeing to compensation equal to that of other American auto workers for companies not seeking money from the taxpayers.
Reports are that the UAW ordered democrats to reject that bill.
So, it appears that they may have to settle for FDR’s New Deal bailout that the rest of us non-UAW workers have been content with since 1935, i.e. unemployment compensation.
Welcome to our world. Welcome to the safety net for the truly needy that President Franklin Delano Roosevelt built and that Reagan endorsed in the 1980s.
“One man with courage makes a majority.” – Andrew Jackson