Obama’s Car Czar Bashes Romney’s Auto Rescue Plan

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On Fox News Sunday, former Obama adviser and car czar Steven Rattner disputed Mitt Romney’s claim that Washington followed his advice on how to handle the auto industry rescue through a managed bankruptcy, calling the claim “completely false.”

Rattner’s argument is that Mitt Romney opposed government aid to the flailing companies and that aid was crucial to saving them. Rattner argued that there was no private money available at the time to prop up the companies, necessitating government help.

“There was no private capital. That’s not a hypothetical. That is a fact. I was there, President Bush was there. It would have been government money or nothing. And if it had been nothing…[the companies] would have liquidated and they would have laid off hundreds of thousands of workers. That is a fact.” 

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