Obama Wants Car Czar to Accompany Big Three Aid

More details of a possible Obama administration-led auto industry bailout emerged yesterday when Politico reported that the president-elect wants a "high-profile point person to oversee reforms" attached to any financial aid.

Specifics about the proposal remain unclear. But the transition team
says Obama suggested to President Bush on Monday that aid to the auto
industry could be coupled with the appointment of "someone in charge of
the auto issue who would have the authority" to push for reforms. The
details came from a more extended readout of the White House meeting
provided Tuesday.

It will be interesting to see how this proposal plays in Detroit, where resistance to change, even in the marketplace it serves, may be the biggest contributor to its current predicament. In the meantime, how might the next president balance his union sympathies and urban policy cred in the name of auto industry "reform"?

ALSO ON STREETSBLOG

Today’s Headlines

|
Sen. Kerry (D-MA) on yesterday’s climate bill rollout, in his own words (Grist) Bad sign for that climate bill? Obama statement calls it by the wrong name, citing House version instead (WH Press) Obama urges Senate to defeat auto dealers’ favorite provision in the pending financial reform bill (The Hill) How China is winning the […]

Pelosi, Reid and Emanuel Push for Carmaker Bailout

|
Cadillac assembly line replica at the Detroit Historical Museum Over the weekend, Democratic leaders in the House and Senate urged the Bush administration to extend financial aid intended for Wall Street to struggling domestic carmakers, a move that could have the support of President-elect Obama. The Times reports that on Saturday, House Speaker Nancy Pelosi […]

Dems, Obama Pushing Back Against Car Dealers’ Consumer Loophole

|
Auto dealers lobbied hard to win an exemption from the new consumer protection agency created by Congress’ pending financial reform bill, but their free pass could fall by the wayside today as senior Democrats and President Obama press for a crackdown on deceptive lending practices in all industries. (Photo: AmericaJR.com) The latest salvo in the […]

Obama Adviser: If EPA is Blocked on Emissions, Forget About CAFE Deal

|
Environmental Protection Agency (EPA) chief Lisa Jackson extended an olive branch this week to lawmakers who are pushing to block her from regulating carbon emissions in the absence of a congressional climate bill, but Jackson’s promise to delay action until next year appears to have made no headway with Republicans and coal-state Democrats.  Carol Browner, […]

Clinton Pledges to Make a Big Infrastructure Push in Her First 100 Days

|
The industry groups behind last week’s “Infrastructure Week” campaign got exciting news today when presumptive Democratic presidential nominee Hillary Clinton announced she’s going to make a big $275 billion “infrastructure” push in her first 100 days. An anonymous Clinton aide told the Washington Post: This proposal would represent the most significant increase in infrastructure investment since President […]

Obama: America “Cannot Walk Away” From the Automobile

|
In his first address to a joint session of Congress, President Barack Obama last night emphasized his administration’s commitment to keeping the domestic auto industry afloat, while offering only a passing mention to the nation’s mass transit systems. Said Obama: As for our auto industry, everyone recognizes that years of bad decision-making and a global […]