The Car Czar, really?

While Wall Street got to walk away with what will likely add up to trillions of dollars, in a lot of Washington sweetheart deals, the auto makers wont be so lucky. It seems that congressional oversight will at least attempt to do as it was designed. The public hearing on the auto bailouts have ensured that some details about where all our money might be going, is getting to the public. Ralph Nader, on Friday's Democracy Now highlighted the public nature of the auto industry, by pointing out that the top three car makers employ 1 in 10 Americans. He also stressed that a bailout of the auto makers might allow Congress to make fundamental changes to that industry, which could grow our economy exponentially. And today the Democrats pushed on legislation that might actually get the deal done. But as usual they haven't gone far enough. None of the executives of the Big Three, Chrysler, GM and Ford are being forced to resign. And President Bush will have the authority to appoint the "Car Czar," are you joking me. Then there are the concessions by the UAW. Labour has agreed to limit expensive retiree health benefits and bank accounts for idle workers. However, in return the UAW may have gained something far more valuable, possible shared ownership in GM. According to the New York Times they will be looking for, "a seat on the board of directors."

O yea and there is Nancy. Hi Nancy. Although I will say it is nice to see the California flag.