Marcy Wheeler lays it out:

Yet then Bush throws in the demands that Republicans made–without noting that this was basically an ideological ploy to break the union, all the while demanding that employees of American-owned companies make significantly less than the employees of Japanese-owned companies.

Targets: The terms and conditions established by Treasury will include additional targets that were the subject of Congressional negotiations but did not come to a vote, including:

• Reduce debts by 2/3 via a debt for equity exchange.
• Make one-half of VEBA payments in the form of stock.
• Eliminate the jobs bank. Work rules that are competitive with transplant auto manufacturers by 12/31/09.
• Wages that are competitive with those of transplant auto manufacturers by 12/31/09.

These terms and conditions would be non-binding in the sense that negotiations can deviate from the quantitative targets above, providing that the firm reports the reasons for these deviations and makes the business case to achieve long-term viability in spite of the deviations.

In addition, the firm will be required to conclude new agreements with its other major stakeholders, including dealers and suppliers, by March 31, 2009.

Remember, the measure the Republicans were using to measure “wages that are competitive with those of transplant auto manufacturers” was the lizard lie number–the $73/hour, the number that includes legacy costs, the payments to retiree pensions. Otherwise, there would be no reason to make this stipulation–because if you use the real wage number, and not the lizard lie number, American manufacturer wages are already competitive with the transplants!!

So what Bush is demanding is that the UAW lower wages plus pensions to the level of Japanese wages plus pension (though since they have very few retirees, their pension number is basically zero). Alternately, they could lower this number by basically picking the pocket of a bunch of seniors, by taking away pension money those seniors already earned while they were still working. But one or the other will have to happen.

Now, Bush did give the Obama Administration an escape hatch: the ability to deviate from the quantitative targets provided that the companies report why they did so.

But as written, Bush’s last major act as President is to demand that workers for American-owned companies work less than workers for foreign owned companies. American capitalism, at its finest.

The Republicans have consistently sought to use a Detroit bailout to break the UAW. Blue collar factory workers have always been held to a different (read: lower) standard for bailouts than the white collar compatriots of the GOP on Wall Street. The parts of the bill that explicitly require workers at American companies make less than workers at foreign companies should be enough for Congress to oppose it.

The GOP has spent much of the last eight years preaching about the existence of people who hate America as a political attack on Democrats. While those narratives were always bunk, it is apparent that there are people in our government and ruling political class who hate most of America and want American workers to fail. Clearly now we see that it’s Bush and the Republican Party. This is sickening.