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Barney Frank, Car Czar
The Wall Street Journal ^ | June 5, 2009 | Editorial

Posted on 06/04/2009 8:49:24 PM PDT by St. Louis Conservative

President Obama may have "no interest" in running General Motors, as he averred Monday. But even if that's true, we are already discovering that he shares Washington with 535 Members of Congress, many of whom have other ideas.

The latest self-appointed car czar is Massachusetts's own Barney Frank, who intervened this week to save a GM distribution center in Norton, Mass. The warehouse, which employs some 90 people, was slated for closure by the end of the year under GM's restructuring plan. But Mr. Frank put in a call to GM CEO Fritz Henderson and secured a new lease on life for the facility.

Mr. Frank's spokesman, Harry Gural, says the Congressman discussed, among other things, "the facility's value to GM." We'd have thought that would be something that GM might have considered when it decided to close the Norton center, but then a call from one of the most powerful Members of Congress can certainly cause a ward of the state to reconsider what qualifies as "value." A CEO who refuses the offer can soon find himself testifying under oath before Congress, or answering questions from the Government Accountability Office about his expense account. To that point, Mr. Henderson spent Wednesday with Chrysler President Jim Press being castigated by the Senate Commerce Committee for their plans to close 3,400 car dealerships. Every Senator wants dealerships closed in someone else's state.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Miscellaneous; News/Current Events; Philosophy
KEYWORDS: bailout; barneyfrank; generalmotors; industrialpolicy
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To: St. Louis Conservative
I like Barney Frank, Car Czar. It will be sweet when all Americans can drive a cute gay car with super mileage:


21 posted on 06/04/2009 10:14:29 PM PDT by keepitreal (Obama brings change: an international crisis (terrorism) within 6 months)
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To: St. Louis Conservative

Let the Amtraking begin...


22 posted on 06/04/2009 10:23:42 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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