Obama Urges Administration and Congress to Keep Working on Auto Deal
President-elect Barack Obama released the following statement this morning on Congress’ failure to reach an agreement on a federal bailout for the “Big Three” auto manufacturers:
“I am disapponted that the Senate could not reach agreement on a short-term plan for the auto industry. I share the frustration of so many about the decades of mismanagement in this industry that has helped deliver the current crisis. Those bad practices cannot be rewarded or continued. But I also know that millions of American jobs rely directly or indirectly on a viable auto industry, and that the beginnings of reform are at hand. The revival of our economy as a whole should not be a partisan issue. So I commend those in Congress as well as the Administration who tried valiantly to forge a compromise. My hope is that the Administration and the Congress will still find a way to give the industry the temporary assistance it needs while demanding the long-term restructuring that is absolutely required.”
The revival of our economy should not be a partisan issue? Surely, nobody in Congress would play partisan politics with such an important issue…would they, David Rogers of Politico?
The final day in the Senate captured these different currents as Dodd and the United Auto Workers made a last effort to reach a compromise that would bring over Republican support. But the talks broke down over conservative demands that the UAW accept wage cuts by a date certain in 2009, putting its members at parity with workers at auto plants owned by foreign competitors like Toyota and Honda—many in the Republican South.