DC to Detroit: You're Alone, Chumps

The DC types are echoing Operation Ivy in singin', "All I know is that I don't know nothin'!" when it comes to the auto industry. According to SecTreas John Snow, The auto companies are a lot better than the federal government at working through cost structure issues. Yes, and when they realize they need the Federal government's help to make those structures globally competitive, the chimps in DC look the other way. Hiroshi Okuda says he doesn't think the gov't will let GM fall, but are they willing to help Detroit rise? Apparently not.

Treasury Secretary says D.C. lacks auto industry expertise [Detroit Free Press via DetroitWonk]

Related:
Toyota Chairman Speaks Up on GM's Woes [Internal]