Saving Detroit


SAVING DETROIT….Earlier this morning the auto bailout bill seemed destined for failure, but later in the day Harry Reid and Sen. Bob Corker (R–Tenn.) were busy trying to patch together one final effort at compromise:

As Reid spoke, a bipartisan group of senators and representatives from Detroit’s Big Three automakers and the United Auto Workers union were meeting one floor below in the ceremonial Foreign Relations Committee Room, trying to broker an 11th-hour deal to save the rescue package.

….Corker today put forward a plan that would impose far more stringent auto industry restructuring standards than the House bill. It would reduce the wages and benefits of union workers at domestic car manufacturers by requiring the total labor costs of GM and Chrysler to be “on par” with those in non-union U.S. plants of foreign automakers such as Toyota and Honda.

OK, but I have one question: Is Corker also insisting that the total labor costs of GM’s white collar management staff be on on par with those of Toyota and Honda? Just curious.

One More Thing

And it's a big one. Mother Jones is launching a new Corruption Project to do deep, time-intensive reporting on the corruption that is both the cause and result of the crisis in our democracy.

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We want to go all in, and we've got seed funding to get started—but we're looking to raise $500,000 in donations this spring so we can go even bigger. You can read about why we think this project is what the moment demands and what we hope to accomplish—and if you like how it sounds, please help us go big with a tax-deductible donation today.

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