Bailout’s toughest critics were Republicans from states with foreign automakers | Muckety.com - See the news: “Richard Shelby of Alabama, the senior Republican on the Senate Banking Committee, for instance, took a particularly harsh tone with auto executives, suggesting their restructuring bids “are not a serious set of plans.”
Since the 1990s, Alabama has won three assembly plants, from Honda, Mercedes-Benz and Hyundai, and an engine plant by Toyota.
Senate Minority Leader Mitch McConnell of Kentucky, who slammed the bailout plan Thursday, has a Toyota plant in Georgetown.
And Bob Corker of Tennessee, who played a starring role in efforts to broker a last-minute Senate compromise Thursday, has the American headquarters of Japan’s Nissan, several Nissan plants and a planned factory by Volkswagon in his state.
But Corker’s compromise effort collapsed after the United Auto Workers refused to accept Corker’s insistence of wage and benefit concessions in 2009 to create parity with workers at U.S. factories owned by Toyota, Nissan, Hyundai and other foreign companies.
“We offered any date in the year 2009 - any date - any date, just when will we actually get there,” Corker said on the Senate floor after his proposed deal collapsed.”
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