Barack Hussein Obama just lost another one: his car czar has stepped down after less than five months on the job. Steven Rattner, an investment banker, is under investigation for state pension fund hanky panky involving millions in kickbacks.
In 2005, Rattner’s investment firm, Quadrangle Group, won $150 million in pension business with the help of a shady top political consultant who is himself under indictment.
Once again, a clueless Obama continued to back Rattner even after the federal investigation into his firm’s business dealings were made public.
Rattner is replaced on the Auto Task Force by Ron Bloom, another of Obama’s pals who doesn’t know a thing about the auto industry.
