The members of Obama’s Auto Task Force could be one of the reasons why the big 3 aren’t doing so well.  The same ladies and gents who are responsible for approving and enforcing the loans made to GM & Chrysler are overwhelmingly driving imports.

The co-chairs of the task force — Treasury Secretary Timothy F. Geithner and White House National Economic Council Director Lawrence Summers — both own foreign automobiles.

Geithner owns a 2008 Acura TSX, registered in New York. He once owned a 1999 Honda Accord and a 2002 Acura MDX, according to public records.

Geithner is the president’s designee for purposes of enforcing loan agreements with GM and Chrysler and must approve or reject any proposed transactions by either company that would cost $100 million or more.

His maternal grandfather, Charles Moore, was a vice president at Ford Motor Co. from 1952-63, according to Peter Geithner, the secretary’s father.  But Geithner wasn’t very interested in cars growing up — in part because he graduated from high school in Asia, his father said.

[Source: Detroit News]