Edward Montgomery was the dean of the University of Maryland's College of Social and Behavioral Sciences. He has also worked under former President Bill Clinton in the administration's Labor Department, where he was the deputy secretary.
President Barack Obama announced that Montgomery will be appointed the Auto Recovery Director. In a press conference on March 30 2009, Obama stated that Montgomery will "cut through red tape and ensure that the full resources of our federal government are leveraged to assist the workers, communities and regions."The Detroit News: Montgomery 'perfect choice' to... (March 30, 2009)
Obama Auto Industry Policy
President Barack Obama stated in a press conference on March 30, 2009, that the administration is committed to the survival of the auto industry, namely General Motors and Chrysler. However, the president went on to state that the government will not be providing any other long-term bailout for the auto giants. The administration plans to guarantee warranties by the automakers in order to not effect sales a great deal. The Obama administration also forced GM CEO Rick Wagoner to resign from his post on March 28, 2009.
Edward Montgomery Biography
- University of Maryland: Edward Montgomery Bio
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References
Fast Facts
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Former dean of the University of Maryland's College of Social and Behavioral Sciences
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Worked at the economics department at Michigan State University
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Served in the Clinton Administration
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Former deputy secretary of the Labor Department in the 1990's
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Served as the Chief Economist at the U.S. Department of Labor
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Headed the Obama transition at the Labor Department
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Received a PhD from Harvard University
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Worked at Carnegie Mellon University
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Research Associate at the National Bureau of Economic Research
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Published Pensions and Wage Premia in Economic Inquiry
