You can read more about how this special interest scheme would "help" US autoworkers by destroying their jobs works by reading this post.
The Reader's Digest version comes courtesy of the Detroit Free Press:
“In return for the loans, automakers would be barred ‘from participating in, pursuing, funding, or supporting in any way, lawsuits (existing or contemplated) challenging State laws concerning greenhouse gas emission standards.’”That is a pretty good definition for the "California Exemption" that has our senior senator, George Voinovich, concerned.
Voinovich is an Auto Bailout supporter and is a sponsor of a "compromise" bill that some say has a chance at getting passed. The problem for Voinovich is that Democrats have doctored it up with a very bitter pill that I am not sure he is going to be able to swallow. Is this a dealbreaker for Voinovich? Who knows...Team Voinovich is fond of playing chess instead of checkers (whatever that means...) and won't answer that question.
For me it comes down to common sense... If we have to do a bailout for this industry (and I don't think we do...), does it really make sense to add on regulation that makes it harder for said industry to do business?
RELATED:
POLLS:
