The 31-Year-Old in Charge of Dismantling G.M. »
Posted By Klarissa 5 months, 3 weeks ago in News"WASHINGTON; It is not every 31-year-old who, in a first government job, finds himself dismantling General Motors and rewriting the rules of American capitalism.
Mr. Deese’s role is unusual for someone who is neither a formally trained economist nor a business school graduate, and who never spent much time flipping through the endless studies about the future of the American and Japanese auto industries.
He lives a dual life these days. He starts the day at a desk wedged just outside of Mr. Summers’s office, where he can hear what young members of the economic team have come to know as “the Summers bellow.”
From there, he can make it quickly to the press office to help devise explanations for why taxpayers are spending more than $50 billion on what polls show is a very unpopular bailout of the auto industry.
Mr. Deese’s route to the auto table at the White House was anything but a straight line. He is the son of a political science professor at Boston College (his father) and an engineer who works in renewable energy (his mother).
He grew up in the Boston suburb of Belmont and attended Middlebury College in Vermont. He went to Washington to work on aid issues and was quickly hired by Nancy Birdsall, a widely respected authority on the effectiveness of international aid and the founder of the Center for Global Development.
But he wanted to learn domestic issues as well, and soon ended up working as an assistant for Gene Sperling, who 17 years ago in the Clinton White House played a similar role as economic policy prodigy. Eventually,
Mr. Deese headed to Yale for his law degree. But his e-mail box was constantly filled with messages from friends in Washington who were signing up to work for the Obama or Hillary Rodham Clinton campaigns. Mr. Deese chose Senator Clinton’s.
He resumed his policy work there, and found himself stuck in Chicago — unable to fly to Washington with his dog — as the economic crisis deepened. Finally, one night, he decided to get into his car with his dog and just started driving back to Washington. Tired, he pulled over to catch some sleep in the car.
What qualifies this person to manage General Obama Motors?
Read Full Story at nytimes.com »
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Klarissa
Berkeley conservative. Don't ask to be my friend unless you have a real bio.Eat your dessert first, life is uncertain. Bridge player, water ...
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GWHayduke5 months, 3 weeks ago
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Wait until he claims:
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"Heckuva job Deese, boy"!
Then, we'll graciously accept your inane criticism.
Preemptive criticism has no constructive effect - only punitive ideological lashing.
Funny how these folks with no experience are busy successfully rebuilding the broken policies of the 'experienced' tyrants that preceeded them.
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nostalgia5 months, 3 weeks ago
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The is an article about this on yaledailynews.com
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The comments are the most interesting
http://www.yaledailynews.com/blogs/crosscampus/200... -
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nostalgia5 months, 3 weeks ago
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I find it interesting that the Obama administration has axed the GM hydrogen vehicle which had no emissions
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I thought they wanted fuel efficient vehicles to lower our dependence on oil?
Which would be wiser - use hydrogen or hybrids which require gas and electricity?
General Motors - Sequal - Hydrogen Fuel Cell Car
http://www.youtube.com/watch?v=Obs2tAq57j8
Why would the Obama administration cancel this entire program?-
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nostalgia5 months, 3 weeks ago
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President Obama axes hydrogen fuel-cell funding
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05/12/2009, 10:57 AM
By Drew Johnson
In a reversal from the Bush administration, President Obama on Monday drastically cut federal funding for fuel-cell vehicles. President Obama eliminated President Bush’s $1.2 billion fuel-cell initiative, saving $100 million a year from the government’s bottom line.
The death of the program comes as quite a shock, especially considering most within the industry view fuel-cells as the technology of the future. The Obama administration cited the lack of immediate implementation as the reason for the fuel-cell cuts.
“We’re going to be moving away from hydrogen-fuel cells for vehicles,” Energy Secretary Steven Chu said. “We asked ourselves, is it likely in the next 10 or 15, or even 20 years that we will convert to a hydrogen car economy? The answer, we felt, was no.”
Hydrogen fuel-cell vehicles are probably about 20 years away from viability – largely due to a lack of infrastructure – but it remains to be seen if President Obama’s decision will push that timeframe back even further. Funds reserved for fuel-cell research will now be funneled into biofuel and battery research, according to Bloomberg.
Despite the 60 percent cutback in overall hydrogen fuel-cell funding, Honda, Toyota and General Motors say they are committed to the development of fuel-cell vehicles. Honda is currently leasing its FCX fuel-cell vehicle in Los Angeles and General Motors has placed 115 examples of its hydrogen-power Chevrolet Equinox in fleets on both coasts. Toyota says it will sell its first hydrogen-powered vehicle by 2015.
http://www.leftlanenews.com/president-obama-axes-h...
This article was written before GM was told to cancel their program
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