POLITICS
05/30/2009 05:12 am ET Updated May 25, 2011

Obama's Stand In Auto Crisis Shows Early Resolve: CNBC

By the time he sat down in the Oval Office to brief Michigan's Congressional delegation, President Obama had made up his mind. Days earlier, he had decided to oust the head of General Motors and give it and Chrysler weeks to fix themselves. If they could not, he was prepared to let them go bankrupt, a prospect fraught with economic and political repercussions.

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