Administration Gets New Car Czar
Bloom, a Harvard Business-trained banker turned United Steelworkers official, will “assume leadership of the Task Force's activities as the
government transitions its role away from day-to-day restructuring to monitoring this vital industry and protecting the substantial investment the
American taxpayers have made in GM, Chrysler, and GMAC,” Geithner said.
Bloom is expected to take over shortly, according to an administration official, who noted the new car czar had worked with Rattner on the task force
for the past few months.
As hard as it is to keep track of all the czars in Washington, we have another.
Ron Bloom, a former union official, is set to take over for 'Car czar' Rattner
After only 5 months and two auto bankruptcies, Rattner is being replace by Bloom.
Although he is not new to the car czar arena, I have some doubts that a former banker and a former union man is a good choice to help the ailing US
auto industry.
But, maybe that is part of the plan.
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