By E.J. Dionne Jr. | The Washington Post PUBLISHED: September 19, 2019 at 11:40 am | UPDATED: September 19, 2019 at 11:41 am During the debate over whether the federal government should save the American auto industry in late 2008, a driver rammed into my old Saturn in a late-night accident while it was parked in front of my house. Fortunately, no one was hurt, but I needed a new car. I strongly supported the rescue effort, so I felt an obligation to look to a Detroit-based car company organized by the United Auto Workers union for a replacement. I got a Chevy Malibu — my kids called it “Dad’s Boo” — and remain happy that I did. In organizing what critics called the “bailout” of GM and Chrysler, President Obama was defying popular sentiment. Yet what was in many ways the most radical step he took to revive an American economy in free fall turned out to be one of his most politically beneficial initiatives. The effort was far closer to what could be called “socialism” than anything in Obama’s health care plan, although he was, in fact, trying to keep the auto companies under private ownership. But socialism… Read full this story
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