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Keyword: stevenrattner

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  • Obama Adviser Admits That Obamacare’s Death Panels Are “Inevitable”

    10/03/2012 7:48:11 AM PDT · by SeekAndFind · 51 replies
    Restoring Liberty ^ | 10/02/2012 | Joe Miller
    A top Democrat strategist and donor who served as President Obama’s lead auto-industry adviser recently conceded that the rationing of heath services under Obamacare is “inevitable.” Steven Rattner advocated that such rationing should target elderly patients, while stating, “We need death panels.” Rattner serves on the board the New America Foundation, or NAF, a George Soros-funded think tank that was instrumental in supporting Obamacare in 2010. Soros’ son, financier Jonathan Soros, is also a member of the foundation’s board. Rattner was the so-called “car czar,” the lead auto adviser to the Treasury Department under Obama. Last month, Rattner penned an...
  • Beyond Obamacare

    09/30/2012 2:59:44 PM PDT · by Behind Liberal Lines · 22 replies
    New York Times ^ | Published: September 16, 2012 | By STEVEN RATTNER
    We need death panels...unless we start allocating health care resources more prudently — rationing, by its proper name — the exploding cost of Medicare will swamp the federal budget. But in the pantheon of toxic issues — the famous “third rails” of American politics — none stands taller than overtly acknowledging that elderly Americans are not entitled to every conceivable medical procedure or pharmaceutical.... Take Britain, which provides universal coverage with spending at proportionately almost half of American levels. Its National Institute for Health and Clinical Excellence uses a complex quality-adjusted life year system to put an explicit value (up...
  • Beyond Obamacare [former Obama official says we NEED death panels]

    09/26/2012 9:16:09 AM PDT · by ConjunctionJunction · 31 replies
    The New York Times ^ | September 16, 2012 | Steven Rattner
    WE need death panels. Well, maybe not death panels, exactly, but unless we start allocating health care resources more prudently — rationing, by its proper name — the exploding cost of Medicare will swamp the federal budget. But in the pantheon of toxic issues — the famous “third rails” of American politics — none stands taller than overtly acknowledging that elderly Americans are not entitled to every conceivable medical procedure or pharmaceutical. Most notably, President Obama’s estimable Affordable Care Act regrettably includes severe restrictions on any reduction in Medicare services or increase in fees to beneficiaries. In 2009, Sarah Palin’s...
  • The Booker insurgency grows - We few, we unhappy few.

    05/22/2012 12:01:44 PM PDT · by neverdem · 8 replies
    HUMAN EVENTS ^ | 05/22/2012 | John Hayward
    Newark mayor Cory Booker may have been reduced to filming “hostage videos” in which he apologizes for throwing sharp spikes of reason and temperance beneath the madly spinning wheels of the Obama re-election bus, but the Booker Insurgency continues to grow. Harold Ford Jr., formerly a Democrat congressman from Tennessee, was welcomed to the ranks on Monday. Ford was no small-time back-bencher. He took a credible shot at wrestling House leadership away from Nancy Pelosi, and served as leader of the Democratic Leadership Council - a now-forgotten artifact of an earlier time, when there really were “moderates” in the Democrat...
  • WH auto czar’s ‘I did this all for the unions’ comment, says it was a joke

    07/09/2011 5:09:00 PM PDT · by mandaladon · 16 replies
    The Daily Caller ^ | 9 Jul 2011 | Matthew Boyle
    President Barack Obama’s auto bailout czar Ron Bloom is under fire from the House Oversight Committee for a pro-union comment he reportedly made in 2009. David Shepardson, a reporter for The Detroit News, wrote in 2009 that Bloom told a dinner audience, “I did this all for the unions.” While testifying under oath at an Oversight subcommittee hearing in June, though, Bloom denied making those comments. Rep. Dan Burton, an Indiana Republican, asked Bloom about the comment. Bloom replied that he didn’t say it. So, Burton asked him if he thought he was “misquoted.” Bloom said “that’s correct.” Burton then...
  • NY AG sues former Obama car czar Steven Rattner over his role in pension fund scandal

    11/18/2010 10:52:45 PM PST · by george76 · 7 replies · 1+ views
    ap ^ | November 18, 2010 | DAVID B. CARUSO
    Former Obama car czar Steven Rattner has agreed to pay $6.2 million to settle federal charges over his role in a "pay-to-play" scandal, but says he won't be "bullied" into accepting a harsher penalty from New York authorities. New York Attorney General Andrew Cuomo filed two lawsuits Thursday accusing Rattner of paying illegal kickbacks to help his private equity firm land a $150 million investment from the state pension fund. Cuomo is seeking at least $26 million from Rattner, and a lifetime ban from the securities industry.
  • Obama's first auto czar faces banishment from securities industry

    06/04/2010 6:59:57 AM PDT · by opentalk · 4 replies · 295+ views
    Washington Examiner ^ | 6/4/10 | Mark Tapscott
    Remember Steven Rattner, President Obama's first auto industry czar? His tenure as the official liason between Treasury Secretary Tim Geithner and the Auto Industry Task Force that guided Obama's takeover General Motors and Chrysler was short-lived, owning to revelations of investigations by the SEC and New York Attorney General Andrew Cuomo. The investigations center around allegations first reported soon after Rattner's appointment that he paid bribes to win business for Quadrangle from the New York state pension system. Quadrangle has since paid $12 million in fines in a settlement with state and federal officials, and publicly condemned its founder's activities...
  • Troubles Mount For Former Car Czar

    04/16/2010 6:13:30 AM PDT · by Second Amendment First · 2 replies · 659+ views
    The Wall Street Journal ^ | April 16, 2010 | PETER LATTMAN
    <p>Steven Rattner, the famed Wall Street deal maker and former Obama administration car czar, came under fire from his long-time business partners for what they called "unethical" efforts to win a $100 million investment for their private-equity firm, Quadrangle Group.</p>
  • Rattner defends rescue of automakers, says some money is gone(GM got $50b, but now worth $25b)

    10/22/2009 9:32:21 AM PDT · by TigerLikesRooster · 15 replies · 804+ views
    WP ^ | 10/22/09 | Peter Whoriskey
    Rattner defends rescue of automakers, says some money is gone But ex-official believes most of GM investment can be recouped By Peter Whoriskey Washington Post Staff Writer Thursday, October 22, 2009 The U.S. government's stake in General Motors is currently worth about $25 billion, or about half the amount it poured into the ailing automaker, the former chief of the Obama administration's task force on the auto industry said Wednesday. But in his most extensive remarks since leaving the post in July, Steven Rattner defended the Obama administration's decision to rescue U.S. automakers. Rattner said there's "a good chance" the...
  • Auto task force shocked by state of GM, Chrysler

    10/21/2009 12:39:50 PM PDT · by CutePuppy · 27 replies · 1,492+ views
    AP via Breitbart ^ | October 21, 2009 | Ken Thomas
    Shockingly poor financial management at General Motors and Chrysler weakened their case for a federal bailout, but officials feared letting them collapse, the former head of a government auto task force said Wednesday. In a first-person account posted on Fortune magazine's Web site and in a Brookings Institution speech, Steven Rattner said he was alarmed by the "stunningly poor management" at the Detroit companies and said GM had "perhaps the weakest finance operation any of us had ever seen in a major company." GM's board of directors was "utterly docile in the face of mounting evidence of a looming disaster"...
  • Bye - Bye American Constitution. Hello What?

    06/10/2009 11:23:54 AM PDT · by faced · 9 replies · 1,035+ views
    www.facefwd.com ^ | 6/10/2009 | Faced
    With the recent news of the supreme court decision of allowing the Chrysler bankruptcy to proceed, I am sad to say that the third and final branch of our government has fallen. I had hoped that Ruth Ginsberg would hear the case and America would get a favorable ruling on the Chrysler case. A favorable ruling would would have included giving the bond holders first crack at the money they were owed, and ruling that the TARP money could not be used for Car Company Bailouts and upholding the rule of law. Alas, no. Instead, the New Car Czar, Steven...
  • Obama Official Reportedly Tied to New York Corruption Case Also a Major Richardson Donor

    04/21/2009 5:37:08 PM PDT · by pissant · 14 replies · 1,535+ views
    Wash Independent ^ | 4/21/09 | Matt Delong
    t looks like Gov. Bill Richardson’s (D-N.M.) troubles might be getting a bit worse. Richardson is currently entangled in a federal pay-to-play investigation in his home state. Today, The New Mexico Independent’s Heath Haussamen reports that Steven Rattner, who is currently overseeing the Obama administration’s auto industry bailout program, has also been a major contributor to Richardson’s gubernatorial campaigns in recent years — donating a total of $20,000 over two elections. The problem? Richardson heads the State Investment Council (SIC), which manages the state’s investments. In October 2005, the SIC voted to invest $20 million with Quadrangle Group LLC, according...
  • Rattner Involved in Probe on Fees (Obama auto czar caught up in NY pension fund scandal)

    04/16/2009 7:52:40 PM PDT · by St. Louis Conservative · 12 replies · 664+ views
    The Wall Street Journal ^ | April 16, 2009 | Craig Karmin & Peter Lattman
    Steven Rattner, the leader of the Obama administration's auto task force, was one of the executives involved with payments under scrutiny in a probe of an alleged kickback scheme at New York state's pension fund, according to a person familiar with the matter. A Securities and Exchange Commission complaint says a "senior executive" of Mr. Rattner's investment firm met with a politically connected consultant about a finder's fee. Later, the complaint says, the firm received an investment from the state pension fund, then paid a $1.1 million fee. The "senior executive," not named in the complaint, is Mr. Rattner, according...