It looks as if the president-elect is going to appoint a regulator to oversee the auto industry -- ensuring that they won't take our bailout cash and spend it on upgrading Escalades with jacuzzis and a Jamba Juice in the back.
Obama suggested to President Bush on Monday that aid to the auto industry could be coupled with the appointment of “someone in charge of the auto issue who would have the authority” to push for reforms. The details came from a more extended readout of the White House meeting provided Tuesday.
The person would assist in efforts to create an “economically viable auto industry,” a transition aide said...
How about it -- HEH?! It'll be nice to have industries that are concerned with being economically viable. For a change.