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In an addendum to a previous post, I complained that the new Obama CEA had taken down information about student internships from its website.. He previously owned a 1996 Ford Taurus GL.A reader alerts me to this story from The Detroit News:The vehicles owned by the Obama administration's auto team could reflect one reason why Detroit's Big Three automakers are in trouble: The list includes few new American cars.Click here to learn how to become a CEA intern. The result, however, has been ever-more desperate swings in economic policies in the attempt to prevent recessions that cannot be fully eliminated. That outcome could frustrate rather than speed the recovery of private consumption and investment. These policies may work in the short term but they threaten to produce still greater crises within a few years. My correspondent opines:I don't care if it's American or foreign-made, but how about getting something with some style? A Protege and a Taurus?! Cars just don't get more boring than that. Among the eight members named Friday to the Presidential Task Force on the Auto Industry and the 10 senior policy aides who will assist them in their work, two own American models.A proposal to facilitate bank reorganization from Jeremy Bulow, via Woodward and Hall.President Barack Obama’s economic team is now calling for an unprecedented stimulus of large budget deficits and zero interest rates to counteract the recession..S.Jeff Sachs thinks so:The U. Deficit spending in a recession makes sense, but
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