Idiots at the Gate

Or should I say, a government of the fools, by the fools and for the fools. Obama’s former Car Czar Steven Rattner has wrote a book about the failed Obama administration. The first of many, one assumes. We all know that old saw about rats and sinking ships. According to Ratter, Obama was “out to get” the car companies from the start. Some other gems.

-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.

Oh, the next couple years will be entertaining as the Republicans investigate this administration from top to bottom. There has to be all sorts of entertaining revelations to come.

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