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    Obama and the Auto Industry

    Posted by David Foster on April 3rd, 2009 (All posts by )

    Neo-Neocon has an interesting post and discussion.

    See also three bankers and a campaign aide walk into an auto industry… at Lean Blog.

     

    This entry was posted on Friday, April 3rd, 2009 at 7:38 am and is filed under Business, Politics. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

    3 Responses to “Obama and the Auto Industry”

    1. Shannon Love Says:
      April 3rd, 2009 at 8:59 am

      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.

    2. Jonathan Says:
      April 3rd, 2009 at 9:26 am

      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.

    3. david foster Says:
      April 3rd, 2009 at 9:37 am

      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.

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