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View Diary: Steve Rattner speaks for America's elites (16 comments)

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  •  Rattner's just pushing more of Obama admin's... (1+ / 0-)
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    tardis10

    ...auto ind bailout model where a "new tier" of workers with severe benefit cuts is built by holding the older workers jobs hostage. Bust the union or else...

    Rattner's other target is Social Security & Medicare cuts which he claims are inevitable and on the 2013 agenda. Never gives a real case, never any math, just the imperial wise seer. No doubt he thinks he's a liberal and innovative thought leader, eh?

    Let all Bush tax cuts expire and , bring on the Sequestration cuts to defense.

    by kck on Tue Dec 11, 2012 at 02:48:29 PM PST

    •  That's simply not true! (0+ / 0-)

      The American auto industry was on the brink of collapse because of poor management decisions and high labor costs - not so much the wages, but the cost of health care and pensions.

      Rattner did a good job of achieving a transformed auto industry. The UAW seems pleased by the deal they cut. That deal saved 100,000,000 to 2,000,000,000 jobs and has lead to the creation of 250,000 new jobs in less than four years. Jobs are still being added at a brisk pace. Rattner and Obama deserve credit for getting rid would of the deadwood in senior management, who were a large part of the problem.

      Here's my take on it - the revolution will not be blogged, it has to be slogged. - Deoliver47

      by OIL GUY on Tue Dec 11, 2012 at 03:15:28 PM PST

      [ Parent ]

      •  I am not a Rattner fanboy by any means. (0+ / 0-)

        He probably should have gone to jail for his past indiscretions in the world of finance.

        Nonetheless, he did a good job on the auto bailout. Better than I had expected when he was first chosen.

        Here's my take on it - the revolution will not be blogged, it has to be slogged. - Deoliver47

        by OIL GUY on Tue Dec 11, 2012 at 03:18:55 PM PST

        [ Parent ]

      •  There are many positive aspects to the outcome (0+ / 0-)

        ...as well, most assuredly, on a national level. One of the methods was to defang the union as much as possible. Whether or not there were more labor friendly alternatives I can't say. My comment is focused on the outcome as opposed to the methods.

        Rattner's position on entitlements is anti-Democratic IMO and more Third Way/DLC and like his auto ind plan two-tiered - grandfathered Americans with benefits and the rest left to lower (lowest) bar. Incremental chipping away like only Democrats can get away with.

        Let all Bush tax cuts expire and , bring on the Sequestration cuts to defense.

        by kck on Tue Dec 11, 2012 at 04:23:21 PM PST

        [ Parent ]

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