Mission Impossible: The car czar

Washington DC – Today, Congressman Devin Nunes issued the following statement concerning House passage of legislation that will provide Ford, GM and Chrysler $14 billion in government financing.

“A few months back, we all watched in horror as Congress handed over $750 billion to the Treasury Secretary to “bail out Wall Street.”  Following the now famous prognosis of a looming depression, the lemmings who are our leaders leaped into action.  They hoped in vain that their new hedge fund czar would be able to mastermind a soft landing for our economy by nationalizing our collective bad debt.  It didn’t work.

Today, as American automotive companies face their own financial crisis, House leaders are again seeking to intervene in the market.  This time, they pin their hopes in the establishment of a car czar.  This new government official will be given $14 billion.  His orders?  Save Ford, GM and Chrysler from bankruptcy.  However, the new czar’s mission is doomed to failure.  He will be forced to confront a $100 billion problem and a hostile environment dominated by one of the nation’s most powerful unions."