Late last week, Tennessee senator Bob Corker made a much-ballyhooed and well-noticed speech on the floor of the Senate proposing what purported to be a compromise resolution to the congressional debate over extending a federal bailout to the automobile industry. The reality
was what had been close to a done deal, a $14 billion package agreed upon by the White House and congressional Democrats, was all but undone by the "compromise."
General Motors, Chrysler, and Ford could have their $14 billion, Corker said on Friday, so long as they agreed to lower the wages and to discontinue various other obligations to their workers. All these reductions were to happen by March 31st and to a benefits level equivalent to what employees of foreign-owned automakers were entitled. Otherwise, the Big Three would be forced to take bankruptcy, meaning that restructuring would render their pre-existing labor-management agreements null and void, in any case. In other words, take the deal and bust your own unions. Or leave the deal, and we'll bust them for you.
The provisional rescue package was suddenly ancient history as negotiations on the floor broke down.
There matters stood, and part of the fallout was that Corker, who had acquired a reputation as a reasonable centrist, was suddenly recast as an arch-foe of labor and a hardline obstructionist. An ominous coincidence was that Volkswagen, one of the foreign automakers that presumably would profit from a weakening (or worse) of the Big Three, is about to build a new plant in Corker's own backyard of Chattanooga and that two other foreign manufacturers already have plants in the state.
Never mind that, as 9th District congressman Steve Cohen pointed out in a speech to the Memphis Rotary Club on Tuesday, a shutdown in the state's only General Motors plant, at Spring Hill, would be a serious blow to Tennessee's revenue base. Never mind, too, that a shutdown to the Big Three nationally would create such economic havoc in the world of automotive suppliers — not to mention in the economy at large — as to penalize the interests of VW, Nissan, Honda, and whomever else.
In a curious way, then, we are grateful for a constituent service performed for us here in Tennessee by a senator from another state. That would be Carl Levin, the veteran Democrat from Michigan, who, on Meet the Press last Sunday, did what he could to absolve Corker of excessive partisanship and, worse, of a contemptuous attitude toward a vital sector of the American workforce.
Appearing on the program along with Corker, who contended that the recommendations he'd started with were hardened by other members of the Republican caucus, Levin agreed that, as originally formulated, Corker's plan had been "helpful" and lacked the hard and fast demands and timetables it ended up with.
Fine and dandy, and even finer and dandier that President Bush will evidently complete the automakers' bailout from funds already set aside for the larger financial bailout. Bob Corker should breathe a sigh of relief like the rest of us, but henceforth he should be more careful about the company he keeps. And about sticking to his blueprints.