Bush defends auto bailouts

Former U.S. President George W. Bush is set to release his memoirs under the title Decision Points on Tuesday, November 9. The book is slated to delve into the eight years of the Bush Administration, touching on everything from the war in Iraq to the reasoning behind various economic policies. The Detroit News was able to get its hands on a pre-release copy of the text and found Bush had committed to bailing out the auto industry as early as November of 2008, despite having misgivings about government intervention in private industry and the management of both Chrysler and General Motors.

Still, the memoirs say that the move was designed to "safeguard American workers from widespread collapse."

Additionally, The Detroit News reveals that Bush finally decided to pull the trigger on the bailouts to keep Barack Obama from having to make a decision on the situation right off the bat. Bush writes that "I had to keep my successor in mind. I decided to treat him the way I would have liked to have been treated if I were in his position."

Decision Points will be released simultaneously in the U.S. and Canada in hardcopy, e-reader and audio formats.

[Source: The Detroit News | Image: Getty]

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