Car Czar? Are you fucking kidding me? No? -Sigh-
Washington, in its infinite wisdom, has determined that a Car Czar post is necessary to oversee the $15 billion Big Thre Bailout. I guess the reasoning here is that $15 billion is such a vast sum of cash that Wagoner and the other two stooges cannot be trusted to manage it in the same way more responsible companies like AIG or Fannie Mae have. With each passing day, we're reminded just how sage our investment in AIG and other flailing entities. I mean, what's $4 million here and there? With annual losses coming in at just under $38 billion, I don't see why they shouldn't be allowed this little indulgence. Things are clearly looking up at AIG.
Funny thing about this whole Car Czar thing . . . I don't recall D.C. rushing to create a national AIG Auditor nor have we appointed a Citigroup Czar to oversee wildly larger sums of taxpayer money that are presumably still being blown on $500 massages and blow at exotic California spas. Shit, HankCo hasn't even appointed board members (much less a chairman) to the TARP oversight committee. I guess some of us are curious as to why such poorly managed companies as AIG, Citi, Fannie and Freddie are showered with hundreds of billions with virtually no strings attached and yet the Big Three are being raked over the coals in the media and in Congress. Don't get me wrong, I think the Big Three should be allowed to wither on the vine, but the obvious bias towards the financial sector and its white-collar minions is patently obvious. Besides, the cars are atrocious, fuel mileage is a joke and the overall build of the automobiles is cheapish at best.
I wonder . . . if we took a gander at campaign contributions, where would the Big Three rank vs. the big financials. Hmmmm? Is anyone thinking what I'm thinking? Naah. I'm pretty cynical but it's a step too far to suggest that our squeaky clean politicos are being harder on automakers because they aren't chipping into the campaign kitty as heavily as say, a Citi or Goldman is. The mere suggestion that our elected officials would peddle influence from their lofty offices is absurd. Change is in the air and I for one am not about to insinuate that congressmen and governors sell their offices to the hightest bidder. DOH!!
