Obama’s former auto czar doesn’t like it…

Ex-Obama adviser: Latest anti-Romney ad is ‘unfair’

Former Obama administration auto czar Steven Rattner said Monday that the Obama campaign’s renewed attack on Mitt Romney’s time in private equity was “unfair.”

“I think the ad is unfair.” Rattner said. “Mitt Romney made a mistake ever talking about the fact that he created 100,000 jobs.”

The Obama campaign is going up in five states with a two minute ad about Romney’s old company Bain Capital buying, then shuttering a Kansas City steel mill — calling it an example of Romney’s business practices.

But Rattner, who himself was a private equity investor before joining the administration, said it’s unfair to hold Bain to the standard of creating jobs.

“Bain Capital’s responsibility was not to create 100,000 jobs or some other number. It was to create profits for its investors,” Rattner said.

“It did it superbly well, acting within the rules, acting very responsibly,’ Rattner said. “This is part of capitalism, this is part of life. I don’t think there’s anything Bain Capital did that they need to be embarrassed about.”