Tuesday, December 9, 2008

Car Czar for Detroit?

Well it has some nice assonance, so that's good. Much more lyrical than "drug czar" or whatever.
The measure being discussed in Congress would put a government overseer named by President George W. Bush in charge of setting guidelines for an industrywide overhaul, with the power to revoke the loans if the automakers fail to do what's necessary to become viable. The White House was seeking tougher consequences, including allowing the overseer — being called a car czar — to force the companies into bankruptcy if they weren't doing enough to cut labor costs, restructure their debt and downsize to stay afloat.

Well, oversight is nice, but as in all things political... let's see how it's implemented.