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.
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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