Word: corker
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...company is in the process of axing 1,100 of its 6,000 dealers. When the march of time, the sins of management and the scythe of a bad economy conspire to bankrupt once great companies, who pays? The sort of person, in the words of Tennessee Senator Bob Corker, "who ran a profitable business, civic leader, always responsible," who "very unfortunately" is "going to take a lot of pain" for the mistakes of others. A guy like Steve Weinberg. "It breaks your heart," says the Senator. (See the 50 worst cars of all time...
...into the private sector by Barack Obama and his auto task force at Treasury. "The day they fired the CEO of General Motors" - Rick Wagoner was dismissed by task-force co-chairman Steve Rattner in late March - "is a day we will look back on with great regret," predicts Corker, a reluctant and critical supporter of the bailout. "The government has no business making those kinds of decisions." Critics of the government's involvement maintain that bondholders have been punished, union workers coddled and laws flouted in the process. And they worry that should GM emerge from Chapter 11 with...
...commercial? Experts scratched their heads. "We're all kind of struggling with it," says automotive consultant Laurie Harbour-Felax. To Corker, the deal was an exercise in pain management. "I get the sense that they decided to kick the can down the road, maybe delay the end for another four or five years," he says. "And then if it fails, at least a foreign company owns...
...rude truth of the situation in Afghanistan and Pakistan was revealed at a lunch the Presidents of both countries attended with 27 U.S. Senators, an event that really did merit a few over-the-top encomiums like "unprecedented" and "brutal." The climax came when Senator Bob Corker of Tennessee asked President Hamid Karzai of Afghanistan what the purpose of the U.S. mission was in his country. Karzai filibustered, and Corker told him, in no uncertain terms, that his answer was incomprehensible. At a Senate Foreign Relations Committee hearing a few days later, Corker confronted Holbrooke about the lack of credibility...
...Republican on the Foreign Relations committee, Indiana's Richard Lugar, is as traditional a conservative as they come, and though he hasn't decided, says an aide, "He always has an inclination in favor of an Administration's pick." Younger members of the committee are on the fence. Bob Corker of Tennessee has been sober in the face of outrage over the International Monetary Fund's use of currency reserves to stabilize the global financial system, a favorite Beck bugaboo. Johnny Isakson of Georgia has an unperturbably conservative view of the Executive Branch's authorities. Some may split the difference...