Sen. Corker: Obama's Auto Plan Sets "Dangerous Precedent"

Appearing on CBS News' The Early Show, Republican Sen. Bob Corker of Tennessee said that the Obama administration's demands of General Motors and Chrysler set "a dangerous precedent."

"I think for all of us who believe in free enterprise, this is the crossing of a major threshold, and it actually should send a chill to people all across the country," Corker said.

"You know, we have become numb to all the bailouts that are taking place," he added. "And yet yesterday this administration decided that they know best as it relates to this industry - they're going to be making decisions about which plants close, which plants stay open."

You can watch the full interview below: