Why the Obama era 'car czar' thinks striking autoworkers risk overplaying their hand
He was the lead adviser for the Obama administration when the government bailed out auto companies in 2009. Now, he is weighing in on the union strikes against the big 3 American automakers.
He was the lead adviser for the Obama administration when the government bailed out auto companies in 2009 — following the global financial crisis. Now, he is weighing in on the union strikes against the big 3 American automakers.
Who is he? Steven Rattner.
- In 2009, the U.S. government stepped in and bailed out struggling auto companies, forcing G.M. and Chrysler to restructure.
- In that negotiation, the United Auto Workers union — the one striking now — accepted concessions to make the money work out.
