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Corker: I Don't Regret Voting Against Auto Bailout

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Tennessee Senator Bob Corker says he doesn't regret voting against a bailout for General Motors and Chrysler last month
because he and other Republicans had their own plan to help the car makers succeed.

Corker was in Detroit Tuesday and met with GM officials at the North American International Auto Show.
He said the United Auto Workers Union must become competitive with foreign transplant automakers like Nissan Motor Co., which has
more than 6,500 employees in his home state of Tennessee.

Corker was instrumental in leading the Republican charge against the auto bailout bill. It stalled in the Senate when the UAW
refused to agree to wage concessions.

The Bush administration stepped in and granted GM and Chrysler $17.4 billion in loans after both automakers warned that they would
run out of cash without federal help.

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