The Recovery and America's Troubled Auto Industry

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After Wall Street's worst week in history, it was clear that the Federal Reserve and the Treasury weren't doing enough to restore economic confidence. On Friday, the question was, "Can the Group of Seven industrialized countries and the International Monetary Fund make a difference?" Today, the stock markets surged. Did the ministers do the right thing?  Will the credit markets thaw out and begin lending again? We get a progress report and look at the state of America's auto industry, once the symbol of US industrial might. Will the Big Three become the Big Two?

Credits

Guests:
Greg Ip - Economist magaqzine - @greg_ip, Simon Johnson - Massachusetts Institute of Technology - @baselinescene, Daniel Howes - Detroit News - @detroitnews, Paul Schreiber - Mayor of Ypsilanti, Michigan

Host:
Warren Olney

Producers:
Christian Bordal, Andrea Brody