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Friday, December 12, 2008

GOP: White House Ruined Bailout Deal

GOP Senator: Bush Ruined Everything
WASHINGTON — A key Republican negotiator on the failed auto rescue package is blaming the White House for undermining attempts to reach a deal.
Tennessee Sen. Bob Corker says the Bush administration undercut his negotiating power with the United Auto Workers by making clear the auto industry would get an emergency lifeline even if talks in Congress collapsed.
Corker says that's what happened Thursday night. He says UAW negotiators felt there was no point in conceding the final point toward striking a deal because they believed the automakers would get money from the White House.
Corker told reporters on Friday that the deal probably fell through because the union knew "that the White House at the end of the day would probably blink."

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