Former Car Czar Rattner Rats on Obama

Fox News ^ | September 2, 2010

[La Lydia]

Former Obama administration car czar Steven Rattner is coming out with a new book that depicts him swashbuckling through the financial crisis and also shows Obama as "out to get" the car companies and the administration making political decisions about how to deal with bankrupt automakers GM and Chrysler. Rattner, a former New York Times reporter...made a mint as a hedge funder, became a massive Democratic donor and returned to D.C. as Obama's point man during the bailout and takeover of GM and Chrysler. He's since been ensnared in a SEC investigation...

Key points from the article and excerpts:

-When Obama was told of the plan to pay GM CEO Rick Wagoner a $7.1 million severance package after Obama ordered that he be sacked, Rattner writes: "Suddenly I felt that I was indeed in the presence of a community organizer..."

-Rattner describes presidential political adviser David Axelrod coming to car meetings armed with poll data to support the takeover and Chief of Staff Rahm Emanuel identify Congressmen in whose districts large Chrysler facilities were located.

-"[Obama's economic team] veered dangerously close to having the government take control of the two most troubled banks, Bank of America and Citigroup."

-"If his team had linked arms with the outgoing administration, as President Bush's advisers had proposed, billions of dollars could well have been saved."

-Rattner says Chief of Staff Rahm Emanual dictated Treasury Secretary Tim Geithner's schedule, public appearances and staff selections.

-He says Obama economic advisers Larry Summers and Austan Goolsbee and FDIC Chair Sheila Bair as enemies who slowed down decision making with infighting.

-Rattner said Obama was frustrated with the auto companies from the start: "Why can't they make a Corolla?" he has Obama asking.

[La Lydia]

Difficult to think that it could have possibly been worse, but apparently it could have.

[secret garden]

I heard Levin talk about this on his radio show this evening. It sounded pretty incriminating.

[November 2010]

“Why can’t they make a Corolla?”

— Oh, man!

[The Antiyuppie]

The RATs are the first to desert a sinking ship...

[phockthis]

the rats be singing

[dalebert]

but who will persue it ?

[patton]

Cue the Volkswagon pic, with Herr Hittler approving the design.

Chrysler was the canary in the coal mine - our government is fascist.

[La Lydia]

I know. I started laughing when I got to that part.

[alecqss]

"Suddenly I felt that I was indeed in the presence of a community organizer..."

Now they tell us... Suddenly, my foot.

Oh, and, btw, GM can make a Corolla (as a matter of fact it was making exactly that - Geo Prizm). Unfortunately giveaways to the community organizers, among others, were forcing GM to make a choice - cheaper materials for the same price as Corolla, or the same materials - for a higher price. Neither case is competitive.

[wjcsux]

Maybe Rattner is trying to line himself up on a deal to keep himself out of an orange jumpsuit in a Federal pen somewhere.

[JimSEA]

This almost makes me feel sorry for the auto companies who took care f the year to year bottom line by buying labor peace and, at the same time, destroying their future. The Unions already owned them. I wonder why O didn’t totally take over the banks?

[Lazlo in PA]

This has far reaching implications. Obummer personally denied all of this in interviews. This could be the lie that gets him into Nixon territory if the republicans take over in Nov.

[FlingWingFlyer]

Hillary has launched her blitzkrieg against “da messiah”.

[Cboldt]

"Why can't they make a Corolla?" caught my eye too. LOL. GM **was** making Corollas.

[Intolerant in NJ]

...shows Obama as "out to get" the car companies and the administration making political decisions about how to deal with bankrupt automakers GM and Chrysler...surprise, surprise.....

[OrioleFan]

So, anyone here think Mr. RATtner will give up the decision process to use campaign donation lists to decide which dealerships to close down. I understand the Car Czar made the decision...

[PetroniusMaximus]

ping for insight

[takenoprisoner]

Why won’t Obama ride a Corolla? He’s the _resident, he can tell them what he wants to ride in.

It’s almost laughable to see the rats, and especially Rattner, are ratting on one another. But the issue is so repulsive, there is nothing funny about these marxist thugs seeking to overthrow our system.

Rattner was on board when things were going his, and all the commie’s way. But now, with an SEC investigation, and Obama being exposed as a commie and muslim, well things aren’t as sweet as they once were. America has awakened. So now, after being exposed to threat himself, Rattner is desperately seeking the golden parachute.

.

[Nasher]

Come January this man is going to be the busiest person in Washington:

[MinuteGal]

I'm hoping Rattner rats out about all the car dealerships Obama destroyed and dumped into oblivion.....you know, the ones that never contributed to his campaign like the surviving dealerships did.

I'm so enraged right now about so many destructive things happening right now that I'm damn near having a stroke.....

Leni