U.S. Economy Could Have Been ‘Dust,’ Rattner Says: Tom Keene

The U.S. economy would be “a big pile of dust” had the administrations of Presidents George W. Bush and Barack Obama not stepped in, according to Steven Rattner, former head of the government’s auto task force.

“If the Bush and then the Obama administration had not done what they’ve done with all the banks, the auto companies, and various other things, this economy would be a big pile of dust at the moment,” Rattner said in a radio interview with Tom Keene on “Bloomberg Surveillance.”