Barack Obama wants Congress to approve $50 billion for the auto industry. He also wants to appoint a czar or board to "oversee the companies." This would be the person or committee in charge of restructuring the auto industry.
I can't make this any more clear: it is not the government's job to restructure the auto industry. The auto industry got itself into this mess, and it doesn't need government or the tax payers to get it out of this mess. And besides, what makes the auto makers believe that government could do a better job of restructuring their industry? Politicians aren't in the industry ... let the companies that once enjoyed such great success build on the ingenuity that made them great. The only guarantee you will have from government is mediocrity.
With Obama and Democrats it's all about government. What is he going to do, set up a Department of Automobiles? Who will he name to be the Secretary of Cars? Will there be an Undersecretary of Trucks? What's next? How about a homebuilding czar? Is it too late to appoint a steel czar? Come on my friends, get in the game here! Every industry is going to have its own czar in Washington to oversee operations! My God! Could this guy possibly love government any more?
Do you remember the words of one of Obama's transition czars? Obama will be ready to "take power and rule from day one." Rule? I guess we're beginning to see what this person meant.
If you'll notice, the Democrats are suddenly so focused and so worried about this auto industry bailout. That can be explained by two words: unions and votes. If they are the heroes of the auto industry, they can guarantee a win in Michigan, Ohio, Indiana, Illinois for years to come. The line will be "we saved your job at a time when the Republicans wanted to let your employers fail."
Just in case you actually think it's a good idea to bail out the auto sector just remember the government will be putting $50 billion into a failed business model. Would you want them to put $50 billion into buggy whips. We still have horses don't we?
As an aside there is an auto industry that is doing fine all over the Southern and Midwestern States. Honda, Toyota, Nissan. And guess what? They are there because of "Right to Work" status. What does that say about unions?