Letter to Obama: What the C...

TechCrunch - Editor’s Note: There are not a lot of fans of the $20 billion bailout of the auto industry outside of Detroit. But if the government is going to get involved, Spark Capital’s Todd Dagres believes it should insist on new leadership.

In an open letter to President Barack Obama, Dagres argues that the car industry needs no less than a Steve Jobs to save it. In fact, he suggests that Jobs himself would be the best person to fill that role if his health allows him to do so. If not, there are other capable leaders in Silicon Valley that might bring much-needed change to the auto industry.

But a product=specific approach is worth considering, even one which results in American car companies no longer building any cars, but just designing them. After all, Apple doesn’t manufacture its own computers.

Read More