Mittwoch, 24. Juni 2009

Cavuto: Two Czars for Cars

Missed Tuesday's Cavuto ? Catch "The Deal" right here on FOXBusiness.com

This has gotta be serious.

Now we have "two" car czars.

Here's the deal...

Steve, meet Ed.

Because it's more fun than just one.

Two czars for cars are better than one czar for cars.

After all, there are a lot of cars. Might as well have at least a couple of czars.

We don't know where Steve Rattner's been hiding, but it's apparently far away from anything closely resembling a camera...Because pictures are few, and apparently Steve is lonely.

And now Steve has a friend...Ed.

Ed Montgomery, who'll also be looking under the hood.

Even though no less than Lee Iacocca told me just yesterday he wonders whether any of these guys knows what the heck is under that hood.

Before you think that's just lee being ornery, think about from where lee is coming.

The guy who spearheaded the last auto rescue...Back in 1980 for a measly one billion bucks...But all of it, and then some, paid back and with interest, and early at that.

Lee taking pains to say the big difference back then to what is going on now....is the government wasn't getting in the auto business back then, it all but owns it now.

And as Lee points out, czars don't know much about cars.

In 1980, even a reluctant government knew that and gave the wheel to Lee, the auto guy.

Nearly three decades later, they're taking the wheel away from anyone even resembling an auto guy.

I've said it before, I’ll say it again.

The last czar didn't do too well.

We don't need 16 of 'em to compound the point.