If task force members really want to help Detroit, they could buy its cars
The Big Three automakers’ real problem is that they don’t make enough cars that Americans want to buy. A case in point, the Detroit News points out, is the lineup of vehicles owned by members of the new Presidential Task Force on the Auto Industry.
Here’s the News’ tally:
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. Add the Treasury Department’s special adviser to the task force and the total jumps to three.
Treasury Secretary Timothy Geithner, a co-chair of the task force, owns an 2008 Acura. White House economic adviser Larry Summers, the other co-chair, owns a 1995 Mazda. The only American makes on the list are Lincolns owned by newly named auto adviser Steven Rattner and Treasury aide Gene Sperling, and an “aging Ford Taurus” owned by special adviser Ron Bloom. (Rattner, who founded a hedge fund, also owns a Lexus, an Audi and a Mercedes-Benz.)





David Nicklaus has covered St. Louis business for more than 25 years. His column appears three days a week on the Post-Dispatch business page.
Yeah, because them buying two or three new American cars will solve it all. Bright post, Mr. Niklaus.
As I’ve said before, if you want to save the American auto industry, it’s time for their executives and engineers to put out a good product. Likewise, they need to hire marketers who can adequately market their product and talk America into buying their cars.
As it is now, unless you’re union and MADE to buy American, people are much happier with their appropriately priced, foreign-based cars that won’t break down or rust-out in two years.