{"id":9882,"date":"2009-02-16T00:00:00","date_gmt":"2009-02-16T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"obama-drops-car-czar-idea","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2009\/obama-drops-car-czar-idea.html","title":{"rendered":"Obama drops &#8220;car czar&#8221; idea"},"content":{"rendered":"<p><span class=\"yshortcuts\">Reuters&nbsp; &#8211; President Barack Obama<\/span> has decided to launch a <span class=\"yshortcuts\">government task force<\/span> for restructuring the struggling U.S. auto industry instead of naming a &quot;car czar&quot; with sweeping powers, a <span class=\"yshortcuts\">senior administration official<\/span> said on Sunday.                 <\/p>\n<p> Obama is appointing Treasury Secretary Timothy Geithner as his &quot;designee&quot; for overseeing auto bailout loans and as co-head of the new high-level panel together with <span class=\"yshortcuts\">White House<\/span> economic adviser <span class=\"yshortcuts\">Lawrence Summers<\/span>, the official said.<\/p>\n<p> But Obama, who took office on <span class=\"yshortcuts\">January 20<\/span> and last week won congressional approval of a $787 billion <span class=\"yshortcuts\">economic stimulus<\/span> program, has dropped the idea of having a single appointee empowered to handle the politically sensitive task of revamping America&#8217;s once-mighty auto sector.<\/p>\n<p> &quot;There is no &#8216;car czar,&#8217;&quot; the official said, speaking on condition of anonymity.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/us.rd.yahoo.com\/dailynews\/rss\/business\/*http:\/\/news.yahoo.com\/s\/nm\/20090216\/bs_nm\/us_autos\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters&nbsp; &#8211; President Barack Obama has decided to launch a government task force for restructuring the struggling U.S. auto industry instead of naming a &quot;car czar&quot; with sweeping powers, a senior administration official said on Sunday. Obama is appointing Treasury [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[7510,2418,7511,4832,7508,3847,4482,7507,3620,7506,7504,7505,7512,4185,4326,6294,7509,7332,2341,4674],"class_list":["post-9882","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-administration-official","tag-anonymity","tag-appointee","tag-auto-industry","tag-auto-sector","tag-bailout","tag-barack-obama","tag-car-czar","tag-congressional-approval","tag-economic-adviser","tag-economic-stimulus","tag-government-task-force","tag-january-20","tag-lawrence-summers","tag-reuters","tag-senior-administration","tag-sensitive-task","tag-timothy-geithner","tag-treasury-secretary","tag-u-s-auto"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9882"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9882\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}