Pelosi: "car czar" could be named this week, Volcker eyed (Government to mandate what you drive)

reuters ^ | 12/9/2008 | reuters

[tobyhill]

A presidentially appointed "car czar" to oversee the restructuring of struggling U.S. automakers could be named as soon as this week if Congress approves an industry bailout, House of Representatives Speaker Nancy Pelosi said in an interview aired on Tuesday.

Pelosi told NBC's "Today Show" that she favored former Federal Reserve Chairman Paul Volcker, recently appointed by President-elect Barack Obama as his top adviser on steering the economy out of recession, to oversee restructuring of the industry.

Democrats and the White House are negotiating a bailout package of up to $15 billion in loans to rescue the Detroit Three companies. The final plan must be approved by Congress.

[Redleg Duke]

Sieg Heil!

[highlander_UW]

I'll be expecting them to deliver my new car within a few weeks of Obama’s coronation.

[Tarpon]

So maybe they won’t approve the people’s car company ...

[MarkL]

See this post:

http://www.freerepublic.com/focus/news/2145230/posts?page=26#26

Mark

[webschooner]

Central Planning rules. We’ve lost the country.

We are now the USSA (United Socialist States of America). Before long, this country will be more like the old Soviet Union than well, ... the old Soviet Union was.

[jessduntno]

We can call the new car “The People’s Car” and make it sound really efficient - give it a German name- how about Volks Wagon?

[ClearCase_guy]

Kills me that the US Government is now appointing "czars" for everything they can think of. We now have a feudal system, with a High King in the White House, and many little kings ruling the banking industry, and the auto industry, and homeland security, and education, and the environment, and ...

I don't like being a serf. I was happier as a free man. Sigh.

[IbJensen]

Ziv would be a more appropriate name for the car designed by our central government.

[Falcon4.0]

Well, you can kiss Good Bye to the “Travel Trailer Industry”. You won’t be towing one of those with a hybrid.

[Psycho_Bunny]

The demonstration of shameless incompetence is stunning.

[FatherofFive]

But I don’t want to drive a Yugo!

[ricks_place]

The only man worthy of the title Auto Industry Car Czar is former Chief Economist, Adviser and Seer of Enron Paul Krugman. /sarc/

[Finalapproach29er]

Anyone remember those crappy “K” cars?

[silverleaf]

More like a “YOU GO”

as in, hey American taxpayer serfs- “YOU GO” buy a hamster-powered/aaa battery-backup powered tin cup

we the very important lawmakers will stuck with our armored SUV’s and private jets

[SMARTY]

Goodie... does that mean we can bully and run over our neighbors while every one else stands by and does nothing?

[Dixie Yooper]

Yesterday I heard someone on the radio toss out the name of Rick Hendrick, who owns a large number of dealerships in the Southeast as well as Hendrick Motorsports. Can you imagine the Big 3 being forced to build cars and trucks the dealerships can actually sell without tricks?

[Cheesel]

does this mean Obama will design a ‘people’s car’ for us?

[Red Badger]

Volcker?.....Volckswagen..............

[LiberConservative]

Czars are meaningless and have little or no real power. They're just figureheads that can be blamed if something goes wrong. This is Pelosi simply covering her fat rear end.