How Area Senators Voted on Bailout - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

How Area Senators Voted on Bailout

Fingers of blame point everywhere as efforts to save the auto industry and, in turn up to three million jobs, come to a screeching halt.

Republican legislators and the auto union are blaming each other for the failure of the bill in the senate late last night.

One area representative who voted no on the big three bailout says pleading for taxpayer dollars will not stop at the auto industry. Representative Mac Thornberry, (R)-Amarillo, says "I worry about how you can decide between different industries and how the federal government picks among companies within the industry."

Thornberry says there is plenty of blame to go around for the auto industry's rapid downward spiral, but says one area may have had more of a hand in it.

He says, "high union contract costs make these three carmakers at a competitive disadvantage with other companies here in the United States."

That sentiment was echoed by several area senators who voted against the bill after the united auto workers union would not make concessions.

Senators like Texas' Kay Bailey Hutchison, who voted no. Texas' other Senator John Cornyn did not vote because he was here in Texas, but his press secretary tells us he does not support the bill.

Neither do Oklahoma republicans Tom Coburn and Jim Inhofe, who voted no.

And New Mexico senators Pete Domenici and Jeff Bingaman voted yes, but to only bring the bill to the senate floor.

The White House and tTeasury are now looking at tapping the $700 billion bank bailout fund passed in the fall to save Detroit.

Powered by Frankly