U.S. Treasury Secretary Timothy Geithner drives a 2008 Acura TSX. Lawrence Summers, the Director of the White House National Economic Council, drives a 1995 Mazda Protégé.
Does that matter? It might, suggests a story in today’s Detroit News. The report reveals that among the eight members named last Friday to the new Presidential Task Force on the Auto Industry – along with their 10 senior policy aides – only two own cars made by the Big Three. As reporter David Shepardson notes, that number jumps to three if you include the Treasury Department’s special advisor to the task force.
Does that suggest that these folks already have an import bias? Detroit’s Big Three better hope not, especially General Motors and Chrysler, who have already received billions of dollars in federal loans and are asking for billions more in aid they say they critically need if they’re to survive the current economic downturn.