Car czar's new tell-all book: Rahm curses UAW
(Photo Credit: Pete Souza/White House Photo)
Wall Street financier Steve Rattner's new book, "Overhaul," has some delicious details about internal discussions within the Obama Administration regarding the bailout of U.S. automakers:
Chief of Staff Rahm Emanuel, when reminded that tens of thousands of jobs are at stake, utters a common profanity expressing disdain for the United Auto Workers.
White House senior adviser Larry Summers is brilliant but imperious toward a dissenting economist, Austan Goolsbee, who dares to speak up at a meeting. Summers "explodes" and tells Goolsbee in the corridor: "You do not relitigate in front of the president!"
Michigan Gov. Jennifer Granholm (D), dejected about the possibility the automakers would have to file for bankruptcy, tells Obama in a voice barely above a whisper: "I hope you know what you're doing."
The best Obama line may be this one, as General Motors and Chrysler approached financial meltdown in November 2008: "Why can't they make a Corolla?" he asked his advisers, according to the book. "We wish we knew," his advisers reply.
For Peter Whoriskey's full story about the book, click here.
Ariana Eunjung Cha
September 3, 2010; 10:54 AM ET
Categories: Auto industry , Corporations
Save & Share: Previous: Q&A: Labor secretary sees progress, but long road ahead in helping unemployed
Next: Week ahead: New details on trade
Posted by: Anonymous | September 3, 2010 11:49 AM | Report abuse
Posted by: Anonymous | September 3, 2010 11:52 AM | Report abuse
Posted by: Anonymous | September 4, 2010 3:51 AM | Report abuse