Hypocrisy in Action: The Auto Bail Out Team

Personally, I find it more than amusing that the crack Federal auto bailout team favors imports over domestic machines. After all, if this is not vehicular Democracy in action, then what is? But I'll report and you decide. According to the above-linked Detroit News article, "Among the eight members named Friday to the Presidential Task Force on the Auto Industry and the 10 senior policy aides who will assist them in their work, two own American models". Now, these aren't just snooty "better educated and greener-than-thou" Volvo and Prius types mind-you. Many on the list drive cars that compete squarely at the middle-end of the market (e.g., the Honda Odyssey which, incidentally, is my own car of choice).

As I look at the situation from the outside, it's clear to me that the members of the task force have voted with their own dollars. So why should they risk taxpayer's money to support further bailouts or DIP funding (made by banks owned at least in part by the Federal government)? Beats me. I continue to believe that the best course of action for the Feds is to support funding for parts suppliers to transition their business to other OEMs or industries rather than chasing good, borrowed money after bad. After all, if Detroit's metal is not good enough for them and if they're the industry experts, why should we even take the chance? And why should their vote be any different when it's Federal dollars they're spending versus their own?

Sounds like a potential case of "don't do as I do -- do as I say" where unveiled pandering to political constituents might take precedence over doing what one knows to be right based upon personal evaluation. "Change ... Yes we can" -- let's hope so.

Jason Busch

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