July 28, 2012

MICKEY KAUS: Rattner Goes Off-Message. “Getting mighty crowded in that woodshed: Obama’s ex-semi-auto czar, Steve Rattner, goes off message and says he doesn’t ‘believe we can reverse’ the outsourcing of manufacturing jobs. Apparently it is not Mitt Romney’s fault. Rather, the wage gap is just too great. Using GM as an example, Rattner says the company’s Michigan workers make $55/hour, its Mexican workers make a little more than $7/hour — while in China it’s $4.50 an hour and in India $1/hour.”

Plus: “Rattner himself could have done a lot to make the U.S. more competitive if he’d pushed Detroit’s unsustainable UAW wages in VW’s direction when he was coordinating Obama’s auto bailout. Too bad he didn’t. UAW autoworkers didn’t lose a penny in hourly wages, even as their employers were driven into bankruptcy — something Rattner himself has noted. You have to wonder if his comments are tainted by guilt over his failure.”

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