Feb 24, 2009

Obama auto team drives imports as US carmakers struggle

Detroit News says the Obama auto task force has few new U.S. cars.

The vehicles owned by the Obama administration's auto team could reflect one reason why Detroit's Big Three automakers are in trouble: The list includes few new American cars.

Among the eight members named Friday to the Presidential Task Force on the Auto Industry and the 10 senior policy aides who will assist them in their work, two own American models.

Add the Treasury Department's special adviser to the task force and the total jumps to three.

Treasury Secretary Timothy Geithner is the president's designee for purposes of enforcing loan agreements with GM and Chrysler and must approve or reject any proposed transactions by either company that would cost $100 million or more.

Geithner owns a 2008 Acura TSX, registered in New York. He once owned a 1999 Honda Accord and a 2002 Acura MDX, according to public records.

Just imagine for a moment what would happen if John McCain was president and most of the people on a task force he created to repair the struggling auto industry owned American cars. The media would swarm over the story like flies at a porta potty!

One would expect the Presidential Task Force on the Auto Industry would patronize the companies they've been appointed to rescue.

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