Monday, June 8, 2009

Obama's man called shots on bankruptcy

By the evening of April 29, with their historic bankruptcy filing hours away, Chrysler Chairman Bob Nardelli and other company leaders were left with no doubt that Steven Rattner was calling the shots.

The president wants major surgery on Detroit's auto industry, and Rattner is running the operating room.

Not since President Harry S. Truman seized the American steel industry in 1952 has America seen such a bold abuse of federal power...

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