Neo-Neocon has an interesting post and discussion.
See also three bankers and a campaign aide walk into an auto industry… at Lean Blog.
3 thoughts on “Obama and the Auto Industry”
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Some Chicago Boyz know each other from student days at the University of Chicago. Others are Chicago boys in spirit. The blog name is also intended as a good-humored gesture of admiration for distinguished Chicago School economists and fellow travelers.
Neo-Neocon has an interesting post and discussion.
See also three bankers and a campaign aide walk into an auto industry… at Lean Blog.
Comments are closed.
I don’t suppose it occurred to anyone in Obama’s administration to hire people from the highly successful American branches of Japanese car companies? That way you would get people familiar with the industry but with no ties or interest to the failing companies.
It’s silly to think the best choices to oversee a massive industry are ernest amateurs selected primarily for the political loyalties.
It’s silly to think the best choices to oversee a massive industry are ernest amateurs selected primarily for the political loyalties.
It’s only silly if you are concerned about the industry’s performance. If, however, your priority is to keep the industry out of formal bankruptcy through the next couple of election cycles, and to manage your important relationship with the unions, it might make perfect sense to appoint political loyalists who have no industry ties.
I doubt that Obama views the investment banking & consulting people as amateurs…he probably considers academic and corporate credentials to be vastly more important than hands-on industry experience.