steve rattner

Remember before Christmas when you were told what a piece of dreck the auto bailout was after Chris Dodd got his hands on it...

well, the results are starting to come home to roost

We are now the sole source of capital for Chrysler...who's business plan as blessed by political wheeler-dealer Steven Rattner is going to be as follows:

A struggling Italian automaker will run a company largely owned by the UAW to make new models of fuel efficient cars that will be better than Toyotas and Hondas. All this from the #5 or # 6 auto maker in US passenger car sales (hello, Dodge trucks and Jeeps are what they really have left)

Really, you think the point is not to shut the joint down before MI certifies its 2012 election results?  No matter how much taxpayer cash they burn through?

Or am I too cynical?

Too bad Bob Corker wasn;t calling these shots. But when it comes to Dodd, this is what we ought to expect