Though the auto bailout plan that passed the House of Representatives included the appointment of a “car czar” to oversee the restructuring of the auto industry and ensure that the funds were being used legitimately, the bailout plan that the Bush administration put together does not create such a position:
The White House on Friday opted against appointing a “car czar” to oversee the $17.4 billion bailout of U.S. automakers, handing oversight responsibility to Treasury Secretary Henry Paulson instead.
Paulson’s office oversees the source of the rescue money — the $700 billion Troubled Asset Relief (TARP) program passed by Congress in October and originally designed to help the banking industry.
A White House spokesman did say that the administration was willing to appoint someone to act as a liaison between the government and the auto companies “if the Obama team believes it would be helpful.”