The Senate in it’s wisdon (and in it’s normal partisian gridlock) voted against the 19 Billion dollar bailout plan for the American auto industry. Apparently the deal breaker as reported in the N.Y. Times was “Republican demands for steep cuts in pay and benefits by the United Automobile Workers union in 2009. “

Apparently they feel that the financial problems the auto makers have has nothing to do with the fact the whole economy is failing and no one is willing to buy a new car right now. Apparently giving paychecks to auto workers is what crippled the industry.

I find it interesting that there was no request for executives to take pay cuts just as there was no such request when the Congress approved SEVEN HUNDRED BILLION dollars for the Wall Street bailout. (I wonder if it is the basic wage earners fault that all the banks are failing? Maybe we should all take pay cuts to solve this problem ya’ think?) Oh the CEO’s of the “Big Three” auto makers offered to work for $1 a year. But my guess is there are hundreds of other executives (who’s job it is to make their companies viable and competative by the way) that are still getting paid in the high 6 figures.

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