Tuesday, February 17, 2009

Maybe a "car czar" would be less silly

Obama says he's not going to have a single "car czar," but that Tim Geithner and Larry Summers will take the lead and he'll make the final decisions -- and bureaucrats from other departments will be involved. Great! In today's Register editorial I quoted Don Boudreaux, chairman of the econ department at George Mason U. in Virginia, who put it rather succinctly:

"All are very smart men, but Mr. Geithner is a lobbyist-turned-international-finance-expert-turned-central-banker, Dr. Summers is an academic economist, and Mr. Obama is a lawyer-turned-politician. None of them, as far as the public record shows, has any experience running private, for-profit firms; none has worked in the auto industry; and none (unless you count a lobbying firm as a private enterprise) seems ever to have worked in the private, for-profit sector. The rule of experts would be troubling enough, but here we have the rule of non-experts."

I highly recommend Cafe Hayek, where Don, Russell Roberts, Tyler Cowen and other mostly GMU economists blog regularly. Very lively.


JoBlog said...

If you are looking for car finance then go to http://www.rainbowgrp.co.uk

Anonymous said...


“There needs to be a trail boss here,” said Andrew Gross, chairman and chief executive officer of Automotive Consulting Services LLC in Clackamas, Oregon, in a phone interview today. “Typically when you have a committee set-up it provides cover. Everyone’s responsible, but no one’s accountable.”

Geithner has “got his hands full” trying to rescue the banking industry, Gross said.


This would be me.


Andy Gross