Tag: Steven Rattner

First Czar in Prison contest still open as Rattner agrees to pay fine

Steven Rattner, who was accused of paying kickbacks, has managed to avoid becoming the first Obama Czar in prison, receiving a $10,000,000 fine instead.

And what a fine it was: $10,000,000.00 dollars. But don’t schedule any fundraisers for the former Car Czar, because as this video clip shows Rattner may be worth as much as $680 million. So he should be okay.

Rattner, who was accused of paying kickbacks, has managed to avoid becoming the first Obama Czar in prison. Of course, Van Jones is ineligible for the contest because his prison time was somewhat short and came before he became a Czar.

Kind of makes us wonder, though, what kind of money the horrible, evil, filthy rich that the Obama administration finds so appalling must make. Rattner, for example, is a piker in terms of net worth when compared to Mayor Bloomberg, whose money is managed by the former Car Czar. The New York City Mayor’s net worth may be as high as $20 billion. With a B.

We don’t begrudge either of these guys their money. With one notable exception, that is. Bloomberg’s salary as Mayor of New York City is $1.00 per year. Considering the job he’s doing, any impartial observer would say he’s overpaid.

So, alas, Rattner has avoided prison time and we’re still waiting for the first Czar to swap pinstripes for prison stripes. All things considered, we shouldn’t have to wait much longer.

http://www.youtube.com/watch?v=HcML-XQ5zrM

Former Car Czar Steven Rattner rats out Obama

Steven Rattner, President Obama’s original Car Czar, has written a new book called Overhaul that says Obama was “out to get” GM and Chrysler. Obama’s decisions, Rattner says, were political, not economic.

Steven Rattner, President Obama’s original Car Czar, has written a new book called Overhaul that says Obama was “out to get” General Motors (GM) and Chrysler. Obama’s decisions, Rattner says, were political, not economic.

rattner obama
President Obama is not smiling about Steven Rattner's new book.

Here are the highlights (or lowlights, if you prefer) from the Huffington Post:

  • 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.

We just hope that someone sitting around that big conference room table had the guts to look at the President and said, “They could make a Corolla, Mr. President, but because of the union workforce and idiotic governmental regulations, it would cost twice as much.”

Source: Fox News

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