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The writing's been on the wall for years: GM would have to declare bankruptcy if it had any hope of restructuring in order to survive in the long-term. And though the Obama administration's effective take-over of General Motors was hardly the first case of the government nationalizing a private company, President George W. Bush didn't want to be the one to do it.

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Environmental Protection Agency Administrator Stephen Johnson (shown above) has found himself with few friends after denying California's request for a waiver to regulate its own emissions. The denial was issued shortly after President Bush signed the new energy bill into law, leaving some to wonder if the auto industry struck a deal with the White House - we'll give you your energy bill if you give us one national emissions standard to follow, i.e. don't allow California to set its own set of s

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