By MICHAEL K. NORRIS
As it turns out, the GOP is eager to move on from the phrase “the fundamentals of our economy our strong,” which was their epitaph on their November headstone. They picked one I’m sure we’re going hear from now through the 2010 midterms: “taxpayer protection” Once again, they’re settling on a phrase that is nothing but a cover, has no bearing on reality, and exposes just how bad they are on the economy and how worse they are on the middle class.
Of course, we’re talking about the proposed bailout of the auto industry. Before going any further, let’s make sure we’re all aware of the following: no one likes bailouts. Republican, Democrat – we loathe bailouts. Even the folks who think there should be an auto industry bailout hate them, but will vote in favor of it because there’s a huge risk to the economy if the industry collapses. Indeed, several legislators have all but admitted they’ll have a vomit bag at the ready when voting yea to bail out an industry that should have known better.
Senate Minority Leader Mitch McConnell (R-KY) has been spending most of the week talking about how the proposed bill doesn’t have enough “taxpayer protection.” I gotta couple question for you, Senator:
Where were you when banks sought to loosen their own lending rules and deregulate itself so severely that we were asked to put up $750,000,000,000 to bail them out? Why weren’t you protecting taxpayers then?
Better still, where were you in the 90s when Democrats were ineffectively trying to raise fuel efficiency standards for light trucks that the industry fought tooth and nail against? Don’t you think if those standards were in place then Detroit would have been making fuel efficient SUVs that consumers wouldn’t have abandoned? You could have protected taxpayers then in three ways: you would have helped keep the price of oil low, reduced pollution that leads to respiratory illness, and the industry wouldn’t need the bailout it’s asking for today.
In light of these questions, it’s clear the Republican idea of protecting taxpayers is like an airbag that deploys an hour and a half after the accident. McConnell takes his party’s demented logic even further to the point he’s replacing the delayed airbag with shrapnel: In the 1,400+ word statement he made on the bailout yesterday (where some version of the phrase ‘taxpayer protection’ was mentioned at least six times) he voiced his support for something called “The Corker Amendment.” Now, as much as this sounds like the title of a Robert Ludlum novel, here’s a big part of what it proposes: that the auto industry start paying its workers on par with its foreign competitors. In other words, on the planet of Mitch McConnell, the best way to protect taxpayers is by reducing their taxable income. From McConnell’s statement:
“The Corker Amendment also requires that labor costs at participating companies be brought on par with companies like Nissan, Toyota, and Honda — not tomorrow but immediately — because it is delusional to think that a company which spends $71 per labor hour could compete with a company in the same industry that spends $49.”
You’d think that the next words from McConnell’s mouth would be: “Since almost all of those extra costs are due to health care, I fully support universal health care so our fine American companies won’t be stuck with the burden themselves” but you’d be wrong. It seems the Minority Leader believes that if Ford is spending the same amount of money per labor hour as Mazda, everything will be just fine.
This week I got my hair cut by a guy named Tony in a barbershop that bears his name. I could have paid about half of what I did at a chain haircutting place, but Tony does a much better job and I’m happy to pay for it. When I buy books, I go to Elm Street Books in New Canaan or Barrett Bookstore in Darien. I know the books are often cheaper elsewhere, but it’s more important to me that bookstores are visible anchors in their communities that encourage reading than it is for me to save a couple of bucks on paperbacks. Has it occurred to the Senator that what workers are building and how well they are building them in a “labor hour” matters more than how much that hour costs?
Keep on talking, Senator McConnell. You’ll have everyone wishing Democrats had 60 seats in no time.
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