Be Afraid, Be Very AfraidThe headline in the Detroit Free Press read, New team will steer a new auto industry. Next to it was a photo of The Obama. But it gets worse. I had to read the article.
President Barack Obama will name a task force today to oversee the remaking of the U.S. auto industry, as General Motors Corp. and Chrysler LLC press for late concessions to work into turnaround plans that are due to the government on Tuesday.Isn't the American auto industry in enough trouble already? And further down, there was more cause for worry.
The team will be headed by Treasury Secretary Timothy Geithner and National Economic Council Director Lawrence Summers. It will include staffers from several agencies, including the departments of Transportation, Energy, Labor, Commerce and Treasury, and the Environmental Protection Agency.Maybe I'm naive on these matters, but shouldn't there be somebody on the team who knows something about cars and car production? And why include the EPA? Isn't that part of the reason American car companies are suffering? They keep getting stabbed in the back by environmentalists. How much longer will we allow these idiots to control our lives? The auto industry has been a favorite scapegoat of environmentalists and politicians. Rather than making cars that people want, various regulations on gas mileage (CAFE standards) and the artificially high price of gasoline have wreaked havoc on a once profitable industry. Instead of people buying cars, trucks, and SUVs that they really wanted, they were bullied or shamed into buying something that the neighbors wouldn't scorn. At least that's what it looks like to me.
The only outside expert hired by the administration so far is Ron Bloom, an adviser to the U.S. Steelworkers who had worked with unions in several industries on corporate restructuring and employee ownership plans.
And then there are the unions. Will they make the needed concessions to help out a little, or do union leaders figure that The Obama owes them so much that they don't have to concede a thing? As a Detroit area, Michigan resident, I would like the Big 3 to be healthy. I seriously doubt that more government interference is going to do it, even if The Obama says otherwise. But that's not what this is about, is it?