The Executioner Wore Abercrombie

Dude, GM's, like, not viable and stuff.

"Dude, GM's, like, not viable and stuff."

Who is Brian Deese?

You're going to love this one.  He's the latest heartthrob out of the Obama administration who's been called up to run the GM bailout/ bankruptcy/ clusterf&ck.  And he's, like, 31 years old.

From the New York Times:
A bit laconic and looking every bit the just-out-of-graduate-school student adjusting to life in the West Wing — “he’s got this beard that appears and disappears,” says Steven Rattner, one of the leaders of President Obama’s automotive task force — Mr. Deese was thrown into the auto industry’s maelstrom as soon the election-night parties ended.

OMG, he has a little scruffy beard....adorable!

So Deese, who has clearly worked hard to get to his position, now finds himself at the center of the General Motors dismantling process.  He's been on Obama's "Auto Taskforce", aka Mission Completely Impossible, since last November.

It seems that Deese was one of the most important voices behind allowing Fiat to take over Chrysler, as opposed to just allowing it to liquidate:

Mr. Deese was not the only one favoring the Fiat deal, but his lengthy memorandum on how liquidation would increase Medicaid costs, unemployment insurance and municipal bankruptcies ended the debate.

So where did this kid grown-up come from?

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.

Deese paid his dues working under Gene Sperling for the Clinton White House, then became the top economic staffer for Hillary's campaign.  When she conceded, Deese signed on to the Obama cause.

Good luck, Brian Deese...the taxpayers and auto industry totally got your back, dog.

Full Story:  The 31-Year-Old in Charge of Dismantling GM (NYT)

Read Also: King Obama and his Feudal Lords Take GM


Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.

blog comments powered by Disqus