“Car czar” out, “Presidential Task Force on Autos” in
We are truly living an Ayn Rand novel-come-to-life nightmare:
President Obama has given up on landing a “car czar” to oversee the auto industry’s restructuring. Instead, Treasury Secretary Tim Geithner will be in charge, administration officials said Sunday night.
The czar was to have evaluated turnaround reports that are due Tuesday from GM and Chrysler as part of the agreement giving them bailout funds at the end of the Bush administration.
Administration officials said restructuring expert Ron Bloom, a former investment banker who been advising the United Steelworkers, will become a senior adviser at the Treasury Department, in charge of helping a Presidential Task Force on Autos drawn that will be from across the executive branch.
The “Presidential Task Force makes clear that this is a top priority of the President and the administration, and this is the team that will be evaluating the auto viability plans that are submitted on Tuesday,” a senior administration official said.
The official said: ‘We had never said we were going to do a czar, so it’s incorrect to say as some people are that we changed plans. The president felt this was best approach.”
Industry officials said the leading candidate for car czar was celebrity financier Steven Rattner, the private-equity executive and former New York Times reporter.
Tresuary Secretary tax cheat and bailout failout architect Tim Geithner will fork over more money:
Members of the task force will be drawn from relevant cabinet agencies and offices, including the Departments of Treasury, Labor, Transportation, Commerce, and Energy, the National Economic Council, the White House Office of Energy and Environment, the Council of Economic Advisers and the EPA.
–The president has designated the Treasury Secretary to be the president’s designee for official purposes to oversee the loan agreements with the auto companies.
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Big Labor gets a Big Seat at the table.
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In other words, people who have NO idea how to run a private company. I must say, however, I have very little sympathy for the Detroit 3 who have caved…every time…to the unions.
You got to be kidding me… Fox in charge of the hen house?
Chrysler is asking for another 3 billion. What happened to the last pile of cash we gave them???
Sad thing is they will get it, no real questions asked.
But no one that knows how to build a car need apply.
and axelrod will be at table making sure…….
With Treasury Secretary Tim Geithner in charge perhaps we shall not have to pay sales tax on auto purchases, unless we are appointed to Cabinet positions of course. That could boots sales. What a plan. But the loan agreements with the auto companies have been given a new name: Task Force Black Hole- although that might be racist.
With all these socialist running around I can see where no one would want to be a Czar-the last one did not do well.
That Iowahawk parody comes to mind…
Wonder if we can chain a few Smart cars together to transport our family? Because all you’re going to be able to drive are those matchboxes with wheels…great for DINKs, but not those of us who want to have families.
When Dear Leader imposes some version of the Chinese one child policy, then we’ll all fit into Coopers and Aspires.
Will they click their heels, make the “O” sign and report to
“The Odopey One”?
Honestly, I don’t understand the automakers’ desire to remain in business here in the US. Shut it down, build cars in profitable plants throughout the world. Build a balance sheet and then take another look at the US.
I know….I’m dreaming like a capitalist.
I see the comments above beat me to the unbelievable choice of people to be on this commission. Of course, the fact that there is a commission at all is unbelievable. (Actually, I’m sorry, it IS believable now.)
Geithner’s advice to the auto companies.
1. Don’t pay your taxes.
2. When the IRS comes, just say, “I forgot.”
I understand the TAXCHEAT is a wonder boy and all that BUT don’t he have his clammy hands busy with other stuff?
What a great idea can’t handle job he was hired to do so give him more titles.
Is he back in Country yet or is he still taking kudos from the euros?
And the unions still refuse to ANY concessions. I agree with genso above. Why build cars in the USA if you have to deal with unions?
Bet the Obama adminstration received its orders from the Center for American Progress.
Exactly like part of Steve Martin’s routine on SNL from back in the mid-later 70s, when he had his funny moments!
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/4623525/Failure-to-save-East-Europe-will-lead-to-worldwide-meltdown.html
And the left wants us to be more like europe. They are worse off than we are!!!
We need just a liiiiiitle bit more gub’ment and we’ll have it nailed… just a liiiiiiitle bit more…
I saw an interesting debate, as government takes control of industries, and the rights of the individual are slowly stripped away, and dissent from government becomes less tolerated, than that government isn’t really socialist if some degree of private property rights are maintained, rather, the government becomes fascistic, or perhaps like the other great totalitarian movement that adopted some, but not all elements of socialism, national socialism.
We Are All Fascists Now
AS noted, ‘fascist’ has become an insult, a perjorative, and few, if any, of the libtards who would surpress free speech, seek to end two party rule, or want nationalization of the banks and other industries would understand the original meaning of the word.
O/T a bit but… Speaking of bailout funds. Last week got letters from Bank of America telling about their fine performance last year.
Only idiots in Congress would think you need to hand money to a companies making substantial profits AND companies making no profits.
They can’t help themselves – their solution to any and all “problems” (real and imaginary) hand out money.
I wonder when Obama will start micromanaging my local Chineese takeout. I am sure there will be improvements.
This is a huge improvement.
A task force is fancy word for a committee.
A camel is a horse, designed by a committee.
These guys couldn’t get wet if they fell out of a boat.
Parody??? Seems pretty real to me.
Thats because the boat would have wheels and would be on the freeway.
Probably a logical explanation….
Big Labor IS the problem.
Think of it this way, Tim Geithner can assure that they never pay taxes again.
That says it best! What a bunch of clowns and Obama is Clown 1. Did he make this decision as he and Michelle scooted off to Table Fifty-Two. The two of them busy at being “all that.” I didn’t think anyone could use the office of the president for their own selfish gain more than Clintons. I see I was wrong.
Car Czar would have been a OBarry/Geithner water boy anyway. Nothing to see here. Move along.
Somewhere up in heaven, Ayn Rand is laughing her head off!
UAW — a union too big to fail. Right.
Do you know about Ayn’s ideas on religion or were you being purposely ironic?
Auto makers: We build crap and the public will not buy our crap.
Gooberment: What would you like us to do?
AM: Give us money so we don’t have to produce a good product.
Goobers: OK.
**********************************
Auto makers: We build crap and the public will not buy our crap.
Soap: Build a better product and watch your sales increase.
AM: Give us money so we don’t have to produce a good product.
Soap: Go pack sand.
******************************
Soap: Toyota never had recalls until they started to build cars here. Does that tell you something?
Goobers: Go pack sand.
You will have people who have never been in an operating room, telling you how to perform BRAIN SURGERY… Now you will have people who have never had a REAL JOB, one accountable to management and a supervisor, telling PROS OF BUSINESS, how to run a business… ELECTIONS HAVE CONSEQUENCES!!!
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I stopped buying Big 3 American cars 30 years ago due to their poor design and construction. And due to their poor running, much shorter life, much higher repair incidence, and bad fuel economy.
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The government will have to give each taxpayer a $5000 cash rebate on each Big 3 car to get us to by them. A C**P SANDWICH TO PAY FOR A C**PPY CAR.
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Meanwhile–smart buyers will go for Honda, Toyota, etc.–the other American car companies. They build their better cars without going broke in the process. The Messiah will reward bad Big 3 automaker business decisions with our money!
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Socialism 101 works this way. Ask me–I am the mechanic for most work at my house.
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John Bibb
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Car Czar out….. most likely because BO can’t get people to join his cabinate. When the appointee realizes that a position in the BO administration is nothing more than a contract with the devil.
Recently I was reading threads and comments at one of the more far left websites. To give you a shocking idea of how libs feel about the government being involved in the auto industry, one person actually cited the YUGO as a good example of govt. involvement in the industry. The YUGO!! Hand to God, I ain’t making this up.
Give this “Task Force” under the brilliant leadership of Tim Geithner, a giant in the auto industry, two years and I know in my heart Detroit will be cranking these cars out like hot cakes, thanks to the superb efforts of this government sponsored solution.
http://wikicars.org/en/Trabant
What we really need is a tax czar. Some one to keep congress from wasting taxpayer money. Well we can dream can’t we?
Queue up Paul Shanklin!!
So it’s like the Plunge Protection Team for Cars?
The “car czar” was going to report to Congress and my guess is this new “task force” will now report to King Obama instead. He is doing the same thing he did with the census.
YUGO! IGO! WEALLGO to hell! We’ll all be driving FUBARS by 2012! Any color you want, as long as it’s green!
We are seeing the concentration of power into ONE hand. Gone are all suggestions of oversight. Foxes guarding the hen house. Criminals enforcing federal laws. Thieves controlling the monetary system. Atheists determining the practice of religion, or the lack, thereof.
It’s coming, folks. Sooner, or later? That’s the question. The message to all liberals out there should be, “Be careful what you wish for, ’cause you just might get it!” (And it won’t be pretty!)
Still reading Ayn Rand’s magnum opus, “Atlas Shrugged”. The paperback is nearly 1,100 pages long! Don’t spoil the ending for me.
It is my “Hitchhiker’s Guide to the Galaxy” for the Obama Administration.
However real life is taking its direction from the pages of this book. It is uncanny and extremely frightening.
Who is John Galt?
*This team can analyze viability until the cows come home, but as long as Ron Middlefinger and the UAW have a seat at the table, they are wasting their time, and worse yet, our money; One of the big 3 has to disappear this year, and it will be Chrysler; Ford will survive and GM will become Chevrolet/Cadillac(to mirror Toyota/Lexus); Those are my predictions; Please guys, just file Chapter 11 and get this done with.
Why give ONE man a government job when you can hire HUNDREDS at 20 times the price?
Ayn Rand’s views on religion not withstanding the point is she is probably having a good bellylaugh, wherever she is.
Just because she had her views on religion doesn’t make her wrong about what is unfolding before our eyes.
It is frightening and for that reason, I sometimes wish I had not read the book, but stayed blissfully unaware.
Great, instead of one incompetent idiot interfering where he has no business, there will be twenty incomptenent idiots. Nothing like a government task force to really screw things up.