This is a Corker: Detroit's Shrinking Three may get help from feds
A junior Republican senator has crafted a plan that has a business-ignorant, vacation-thirsty Congress looking for a fast vote and a plane home. Senator Bob Corker (R-Tenn) has a direct three-prong plan: cut union wages to match those at foreign-owned, non-union plants in the US, reduce the value of the corporate bonds held by investors in GM and Chrysler by two-thirds.