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Granholm to Obama Pre-Auto Bailout: I Hope You Know What You’re Doing

By Doug Powers  •  September 6, 2010 10:14 AM

**Written by Doug Powers


As the Obama administration continues to founder, administration “insiders” will write more and more “tell-all” books — not that I’ll buy any of them. I refuse to give any money to anyone who signed on to help sell a sham but then bailed out when it all went south and later tried to profit from telling everybody how awful the sham was.

Former “Car Czar” Steve Rattner has written the first book of this nature, and there’s an item alleged in Rattner’s book that piqued my interest, mainly because it has a certain “Three Stooges questioning the competence of the Keystone Cops” feel to it:

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.”

Of course he knew what he was doing — it was a huge union bailout without regard to the economic consequence to the rest of the country. Besides, Obama didn’t have to know how to run a car company, he did the logical thing and hired a telecommunications executive with no auto background to do that. What’s the problem?

This comment is alleged to have come from one of Obama’s economic advisors (I guess Obama wanted to make the economy of the whole country look like Michigan’s and needed Jenny to serve as a road map for how to get there) from an auto-producing state — shouldn’t she have known if what he was doing was the right thing or not? Trick question — of course not — look at Michigan’s economy after many years of Jennifer Granholm’s leadership.

The Blog Prof examines a few more choice quotes from Rattner’s book that paints Obama as an economically clueless community organizer.

With that in mind, in his speech in Milwaukee today, President Obama will announce an additional $50 billion in infrastructure spending. Yeah, that’s what voters have been waiting for — more spending. Should be a good sell on the campaign trail.

**Written by Doug Powers

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