A task force on accelerating investment approvals completed a report last year that has yet to be fully implemented.The left may well carry on even without Mr Basu.
Even so, the scale of the government investment and control — especially by the auto task force now vetting plans at Chrysler and General Motors — points to an approach that has been shunned by the United States more than other developed nations.
Administration officials stressed that the company needed a fresh approach and leadership changes; they said Steven Rattner, the former investment banker who co-chairs the auto task force, delivered the news to Mr. Wagoner.
The editors invited Mr. Alden — the director of the Renewing America initiative at the council, who previously helped run a council task force on trade and investment policy – to send along a more detailed version of his point.
The widely anticipated plan (Science, 15 January, p. 302) follows up on an August 1998 report from a presidential task force urging a greater investment in the kind of basic computing that produced the Internet and other digital breakthroughs.
Members of Mr. Obama's auto task force, led by two former investment bankers, Steven Rattner and Ronald Bloom, presented the president with what one senior administration official called "an incredibly difficult and painful set of decisions".
Mr. Wilson, a former investment banker who served on President Obama's task force on the auto industry, is for now considered the Republicans' best hope for winning a statewide office in November.
In addition, the auto task force has retained the services of the investment bank Rothschild, led by Todd Snyder, and the law firm Cadwalader, Wickersham & Taft, led by John J. Rapisardi, and the Boston Consulting Group, to provide forecasts for auto sales.
As the train for the task force investigating Wall Street leaves the station, investment banks hope their actions and statements trip the emergency brake.
The government's auto task force has its own advisers, led by the former investment bankers Steven Rattner and Ron Bloom.
