As noted in an earlier post, President Obama has yet to appoint an industry czar so that auto suppliers and manufacturers can present an official plan to Congress to receive their emergency aid.
John Stoll wrote in today’s Wall Street Journal:
“The Obama administration’s delay in naming a “car czar” is slowing the auto industry’s progress in restructuring talks with bondholders and the United Auto Workers union.”
Speculations have been circling for months now on who would be the best person to be appointed as the auto czar, and UAW head Ron Gettlefinger said he “would like the government to appoint someone who knows something about the auto industry and doesn’t favor appointing a Wall Street executive with little auto-industry experience to the post.”
Just yesterday, in an effort that supports the sentiment of Ron Gettlefinger and the United Auto Workers union, a group of Democratic Senators urged President Obama to appoint a team of auto-industry experts rather than a single “auto czar” that “understands the interconnectedness of the numerous stakeholders involved in the industry.”
These concerns come to the surface as the February 17th deadline approaches for certain automakers to submit long-term viability plans to the president’s designee.
As far as the appointment of an “auto czar,” what do you think should happen? Is the pressure so tough that no one wants to step up to the position? We’ll have to wait and see.