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Senator Reid: Republicans Responsible For Killing Millions of American Jobs |
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Here is Senator Reid’s statement on the collapse of the auto bridge loan deal (via email).
“Given the unhappy choice between a bridge loan and bankruptcy, Democrats have always believed that we must give the Big Three and the millions of Americans they employ every possible chance to succeed.
“By rejecting every good-faith bipartisan compromise – including those from the White House and Senator Bob Corker – it is now abundantly clear that Republicans have no interest in keeping the Big Three from collapsing.
“Because Republicans failed to act, three million Americans are more likely than ever to lose their jobs and our economy is at risk of suffering even greater damage. Our hearts go out to those families who will now have to deal with this burden as the holidays near.
“Republicans may think that rejecting this legislation sent a message to the auto industry. Instead, they sent a message to every single American that they are more interested in settling scores than solving problems.”
Update: Here is Senator Levin’s statement as well (via email).
“Congress should not recess and leave town without voting on the proposal to provide emergency bridge loans to our domestic auto industry. The consequences of our failure to act will be extremely harmful to our economy and to the lives and welfares of millions of working Americans in communities across our country.
“I call on the leaders of the Senate to keep us in session, and let us go back to work tomorrow to try to fashion an agreement that will keep our domestic auto industry operating into next year and beyond. We certainly owe that much to all Americans who will be harmed by our failure to act here tonight, and that is most Americans since a failure tonight will be felt throughout our economy and in every community across this country.”
Could the Republicans be doing this so that they can turn and blame Obama for the economic mess he will inherit and that will persist well into his first term no matter what he does? Are they cold-hearted enough to put millions of Americans into poverty in order to advance their political chances in 2010 and 2012?
General Motors had offered buyouts to all of its 74,000 U.S. hourly employees. [5] Those workers could have elected to take a lump-sum payment of $45,000 or $62,500, depending on their job description, and retire with full benefits. [6]
Republican Sen. George V. Voinovich of Ohio, a strong bailout supporter, said the UAW was willing to make the cuts - but not until 2011.
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