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The Auto Chronicles

Among the federal government’s most controversial actions during the Great Recession was the rescue of the automobile industry.

By Claude R. Marx | Updated on March 02, 2011

Among the federal government’s most controversial actions during the Great Recession was the rescue of the automobile industry.

Investment banker Steven Rattner, who had no background in the automobile industry, was the Obama administration’s point person while most of the decisions were made. His memoir, Overhaul: An Insider’s Account of the Obama Administration’s Emergency Rescue of the Auto Industry (Houghton Mifflin Harcourt, 336 pp.), takes readers behind the scenes when many of the key decisions were made. Like most such books, parts are quite self-serving, but readers willing to persist will learn a great deal about how the government makes key decisions.

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