The Truth About Cars » Czar http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Thu, 28 Apr 2016 16:45:09 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 GM Chairman Ed Whitacre: Fitting In Already http://www.thetruthaboutcars.com/2009/11/gm-chairman-ed-whitacre-gm-ipo-doa/ http://www.thetruthaboutcars.com/2009/11/gm-chairman-ed-whitacre-gm-ipo-doa/#comments Wed, 11 Nov 2009 14:58:21 +0000 http://www.thetruthaboutcars.com/?p=334938 GM’s government-appointed Chairman of the Board was out and about last night, speechifying at Texas Lutheran University. Ed Whitacre used the occasion to plea for the “modification” of Pay Czar Kenneth’s Feinberg’s pay caps. To recap the caps, the nationalized automaker’s top 25 executives took a 31 percent hair cut since joining the federal payroll. […]

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GM’s government-appointed Chairman of the Board was out and about last night, speechifying at Texas Lutheran University. Ed Whitacre used the occasion to plea for the “modification” of Pay Czar Kenneth’s Feinberg’s pay caps. To recap the caps, the nationalized automaker’s top 25 executives took a 31 percent hair cut since joining the federal payroll. […]

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Bailout Watch 377: Cash For Clunkers Pulled From Stimulus Bill http://www.thetruthaboutcars.com/2009/02/bailout-watch-377-cash-for-clunkers-pulled-from-stimulus-bill/ http://www.thetruthaboutcars.com/2009/02/bailout-watch-377-cash-for-clunkers-pulled-from-stimulus-bill/#comments Fri, 06 Feb 2009 17:46:44 +0000 http://www.thetruthaboutcars.com/?p=241652 CNN Money reports that Sen. Tom Harkin (D-IA) has pulled the “Clunker Culling” proposal from the economic stimulus plan making its way through Congress. The provision would have provided up to $4,500 in tax credits for scrapping a used vehicle with under 18 mpg and replacing it with a new car. The bill would have […]

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CNN Money reports that Sen. Tom Harkin (D-IA) has pulled the “Clunker Culling” proposal from the economic stimulus plan making its way through Congress. The provision would have provided up to $4,500 in tax credits for scrapping a used vehicle with under 18 mpg and replacing it with a new car. The bill would have […]

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Bailout Watch 374: Obama Admin Favors Multiple Car Czars http://www.thetruthaboutcars.com/2009/02/whats-wrong-with-this-presentation-czarevitch-edition/ http://www.thetruthaboutcars.com/2009/02/whats-wrong-with-this-presentation-czarevitch-edition/#comments Thu, 05 Feb 2009 19:55:38 +0000 http://www.thetruthaboutcars.com/?p=240581   An increasing number of media reports are indicating that instead of a single “car czar,” Obama will appoint a team to oversee the auto industry turnaround effort. Current reports indicate that Democrat fundraiser Steve Rattner will likely take the top oversight position, but his total lack of (non-political) qualifications for the job is considered […]

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  An increasing number of media reports are indicating that instead of a single “car czar,” Obama will appoint a team to oversee the auto industry turnaround effort. Current reports indicate that Democrat fundraiser Steve Rattner will likely take the top oversight position, but his total lack of (non-political) qualifications for the job is considered […]

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Bailout Watch 372: The Man Who Would Be Czar http://www.thetruthaboutcars.com/2009/02/bailout-watch-371-the-man-who-would-be-czar/ http://www.thetruthaboutcars.com/2009/02/bailout-watch-371-the-man-who-would-be-czar/#comments Wed, 04 Feb 2009 18:39:59 +0000 http://www.thetruthaboutcars.com/?p=239102

Point three of Barack Obama's ethics pledge to the American people is that "no political appointees in an Obama-Biden administration will be permitted to work on regulations or contracts directly and substantially related to their prior employer for two years. And no political appointee will be able to lobby the executive branch after leaving government service during the remainder of the administration." Obviously that's a high standard, and one that seems increasingly important as the lines between government and industry are blurred by rampant bailouts. And clearly not everyone makes the cut. But as Obama assembles a team to "restructure" the auto industry, the spirit (if not the letter) of his ban on revolving door hiring seems to be falling by the wayside.

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Point three of Barack Obama's ethics pledge to the American people is that "no political appointees in an Obama-Biden administration will be permitted to work on regulations or contracts directly and substantially related to their prior employer for two years. And no political appointee will be able to lobby the executive branch after leaving government service during the remainder of the administration." Obviously that's a high standard, and one that seems increasingly important as the lines between government and industry are blurred by rampant bailouts. And clearly not everyone makes the cut. But as Obama assembles a team to "restructure" the auto industry, the spirit (if not the letter) of his ban on revolving door hiring seems to be falling by the wayside.

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