SENATE BAILS ON BAILOUT
"What's really unfair Mr. President is to give them a pay raise on this day, in this bill, at this time. It's not the right time," said Sen. Claire McCaskill in her floor speech Thursday.
***WATCH EXTENDED CLIP OF HER SPEECH ABOVE***
The $14 billion bailout for Detroit's struggling Big Three died in the Senate after failing on a procedural vote. The collapse came after bipartisan talks on the auto rescue broke down over GOP demands that the United Auto Workers union agree to steep wage cuts by 2009 to bring their pay into line with Japanese carmakers.
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