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Bush End Game
George W. Bush's presidency since 2007

Bush - Second Term
George W. Bush's presidency from 2005-06

Bush - First Term
George W. Bush's presidency, 2000-04

Who Is Bob Gates?
The secret world of Defense Secretary Gates

2004 Campaign
Bush Bests Kerry

Behind Colin Powell's Legend
Gauging Powell's reputation.

The 2000 Campaign
Recounting the controversial campaign.

Media Crisis
Is the national media a danger to democracy?

The Clinton Scandals
Behind President Clinton's impeachment.

Nazi Echo
Pinochet & Other Characters.

The Dark Side of Rev. Moon
Rev. Sun Myung Moon and American politics.

Contra Crack
Contra drug stories uncovered

Lost History
America's tainted historical record

The October Surprise "X-Files"
The 1980 election scandal exposed.

From free trade to the Kosovo crisis.

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Autos at a Dangerous Crossroads

May 4, 2009

The automobile industry is at a crossroads that may demand a more daring direction than the current course being set by the corporations and the Obama administration.

New School economist Richard Wolff says the importance of the auto industry is so great that the only answer may be to engage in some form of nationalization.

(The story summary continues below.)

More at The Real News

"If we say something is too important to let it die, too big to fail, then we're saying it's so important to the society as a whole, but if it's that important, it can't be in the hands of a few people in the first place,” Wolff says. “If you're too big to fail, you’re too big to be in private hands."

Wolff adds that the present course will lead the U.S. economy and the world into chaos. "We have an unknown situation, the outcome of which could be very bad, we actually have a vision of that already, Mexico, it's a society in free fall," he says. is an independent news network that produces stories of global interest. 

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