Former Obama Adviser, Steven Rattner, Calls Obama Camp’s Bain Ad ‘Unfair’

Steven Rattner, a former Obama administration adviser on the auto bailout, said in a television interview Monday morning that the new Obama campaign ad attacking Mitt Romney’s record at Bain Capital is “unfair.”
Rattner, who was known as President Obama’s “car czar,” also said that job losses — like the ones featured the new ad — while unfortunate, are “part of capitalism.”
“Look, Mitt Romney made a mistake ever talking about the fact that he created 100,000 jobs,” Rattner said in an interview on MSNBC’s “Morning Joe.” “Bain Capital’s responsibility was not to create 100,000 jobs or some other number. It was to create profits for its investors — most of whom were pension funds and endowments and foundations.”
The Obama campaign’s new ad tells the story of a Kansas City steel company, purchased by Bain in 1993, that subsequently went bankrupt.
One of workers who lost their job at the plant, Joe Soptic, appears in the ad: “It makes me angry,” he says. “Those guys were all rich. They all had more money than they’ll ever spend, yet they didn’t have the money to take care of the very people that made the money for them.”
But Rattner insisted that he portrayal of the private equity firm that Romney ran was skewed in Obama’s ad.




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