Good enough for America, good enough for GM

In his press conference yesterday, President Obama took bold steps towards reshaping the U.S. auto industry. He outlined a hard line plan to salvage the companies, a plan that some see as one step closer to nationalization of the industry. Over at our partner the New York Times, Chief Washington Correspondent David Sanger wonders ?whether deteriorating economic circumstances were leading the administration down a path to deeper intervention in the private sector, from nationalizing banks to a greater government role in health care.? David Sanger, author of The Inheritance: The World Obama Confronts and the Challenges to American Power, joins us this morning to discuss the auto industry, President Obama’s plan, and the specter of nationalization.