Former Obama Car Czar Calls Obama Ad Campaign Unfair

On “Morning Joe” today, former Obama “car czar” Steve Rattner denounced President Obama’s new ad campaign that attacks Mitt Romney for business decisions he made during his tenure at Bain Capital. He is referring to recent ads that talk about GST Steel and Bain Capital taking over the business. Rattner calls the ads “unfair.” “I think the ad is unfair. Mitt Romney made a mistake ever talking about the fact that he created 100,000 jobs. Bain Capital’s responsibility was not to create 100,000 jobs or some other number. It was to create profits for his investors, most of whom were pension funds, endowments and foundations. It did it superbly, acting within the rules and acting very responsibly and was a leading firm,” Ratner said. “So I do think to pick out an example of somebody who lost their job unfortunately, this is part of capitalism, this is part of life. And I don’t think there’s anything Bain Capital did that they need to be embarrassed about,” he said.