Is Jimmy Carter Back? Car Czar Proposed for Auto Bailout

In a report sounding strangely like the Whip Inflation Now (WIN) and Energy Czar fiascoes of then President Jimmy Carter back in the late 1970’s and early 1980’s, there is a report currently floating around that declares that there will be a Car Czar appointed to be in charge of keeping the US Taxpayer funded bailout of the Big 3 Auto Makers running smoothly.

This Report: ‘Car Czar’ Proposed to Oversee Auto Bailout – FOXNews.com Transition Tracker indicates that General Motors Corp., Ford Motor Co. and Chrysler LLC would be overseen by a member of the executive branch who would see to it that various conditions imposed by Congress are met.

Opponents of the Auto Bailout are skeptical that the Big 3 can survive and that taxpayers will get their money back. Proponents say that the auto industry can only survive if they get $34 billion in loans quickly.

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