The News Review:
- Auto bailout’s death seen as a Republican blow at unions
- Tennessee Senator Has Rocky History With Auto Union
- Stocks rise on hopes for auto bailout
Auto bailout’s death seen as a Republican blow at unions
Los Angeles Times CA
By Jim Puzzanghera December 13 2008 Reporting from Washington — The congressional push to help U. automakers was generally cast in terms of protecting the reeling national economy from another body blow — the collapse of one or more of Detroit’s Big Three. But in killing the stopgap rescue plan worked out by President Bush and congressional Democrats conservative Republicans — many from right-to-work states across the South — struck at an old enemy: organized labor.
Tennessee Senator Has Rocky History With Auto Union
FOXNews
Bob Corker a Republican from Tennessee faced off with the UAW over fuel efficiency standards last year when he supported legislation that requires car makers to lift the MPG average of their product lineups. com Friday December 12 2008 show_baynote_guide(“ArticleGuide”); The architect behind the failed Senate deal to rush $14 billion in emergency loans to Detroit’s automakers is no stranger to the car industry or a friend of the United Auto Workers which torpedoed the deal. Bob Corker a Republican from Tennessee is the founder of his own construction company and an investor in commercial real estate. The Wall Street Journal reported that Corker faced off with the UAW over fuel efficiency standards last year when he supported legislation that requires car makers to lift the MPG average of their product lineups.
Stocks rise on hopes for auto bailout
USA Today
The Dow Jones and S&P 500 each rose about three-quarters of 1% the Nasdaq gained 2. 18% and the Russell 2000 jumped 3. Tech shares surged after House Majority Leader Nancy Pelosi said.
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