BUSINESS
03/18/2010 05:12 am ET Updated May 25, 2011

Ron Bloom: Obama's Manufacturing Czar, 'The Proletarian Schlub' Charged With Saving American Jobs

A few weeks after the 2008 presidential election, United Steelworkers President Leo Gerard got a call from an Obama transition aide frantic for advice on the collapsing auto industry. Gerard put his numbers guy on the call, a former investment banker named Ron Bloom, who proceeded to offer a detailed disquisition on the financial situations of GM and Chrysler. Unlike other experts the transition team had consulted, Bloom was refreshingly blunt about the companies' prospects, which he deemed grim. 'We were like, 'Wow, who is this guy?' recalls the aide.

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