Presidential Task Force on Automobiles Jefe Ron Bloom: Deadlines Suck
Now that Steve Rattner has surrendered his position as head of The Presidential Task Force on Automobiles (to attend to a federal bribery investigation into his old crew), Ron Bloom is the man running two of America’s three domestic carmakers. I’m sorry? Did I say “running?” I mean to say, “passively protecting.” ‘Cause Ron says his twenty-four member mob—responsible for guarding taxpayers’ $50 billion “investment” in Chrysler and GM—is backing off from hands-on management (e.g., capping GM CEO Rick Wagoner’s ass). They’re only going to step in on “core governance issues” and “major corporate events or transactions.” Did all those quote marks tip you off? It’s true: this makes no sense at all. Didn’t when the checks were cut. Still doesn’t. Anyway, the Detroit News reveals that Big Ron II’s continuing to stretch the bounds of linguistics and credulity to the event horizon. Yesterday, Bloom told the congressional panel in charge of overseeing the overseers that “the best way to get out as quickly as possible is not to commit to a defined schedule.”
The statement makes Bloom the perfect man to run both Chrysler and GM—into the ground. It’s got to be said: Again. Still. Chrysler and GM’s abject inability to set targets and achieve them led directly to their dissolution. The auto execs’ concomitant and complete lack of accountability also mirrors Bloom’s current position. At the end of the day, like any good politician, the jefe’s future depends not a whit on anything as prosaic as securing a return on investment for U.S. taxpayers. It’s all about the spin.
Bloom was asked if the federal government’s financial support for GM and Chrysler could leave Ford at a disadvantage.
“It does pose a dilemma,” Bloom said, though he noted that Ford supported the bailout of its cross-town rivals and was invited to ask for money, too.
That’s his answer? Sucking the oxygen out of the room that privately-owned (though DOE-supported) Ford needs to survive is OK because sign here and Uncle Sam will nationalize your ass too? I’m a pretty creative guy, but this bailout misegos always turns out worse than I can imagine.
More by Robert Farago
Latest Car ReviewsRead more
Latest Product ReviewsRead more
- MaintenanceCosts Looks like the best combination of capability, interior comfort, and subtle appearance can be achieved by taking a Laramie (crew cab, short bed, 4x4 of course) and equipping it with the Sport Appearance, Towing Technology, and Level 2 packages as well as a few standalone options. That's my pick.Rebel is too CRUSH THAT CAN BRO and Limited and up are too cowboy Cadillac.
- Xidex easier to buy a mustang that already sounds like that. love the coyote growl
- Oberkanone Shaker motor on an EV. No thanks.
- Oberkanone Crew Cab 6'4" box, 4x4, BighornInterested in midsize truck from Ram. Our fleet includes fullsize truck as well as Maverick compact and something midsize could replace both. Ram is 1st choice of the current full size offerings, with Ford in 2nd place.
- EBFlex Nice truck, but it needs a proper engine.