Not a single member of the White House auto task force has any experience in the industry, but that doesn’t deter these federal Masters of the Universe. Reports the Detroit News today:
After a three-week crash course filled with meetings and presentations from executives, suppliers, consultants, dealers, analysts, prospective merger partners and politicians — sometimes at the rate of six or seven a day — task force members appear to have a solid grasp of the extent and complexity of the industry’s difficulties.
“What the task force is trying to do is make sure they prop up the right players,” says Craig Cather, CEO of consulting firm CSM Worldwide in Northville.
Just three weeks! Heck, give them four, and I bet they can remake the U.S. financial markets!