At the Crossroads

Detailing the auto industry crisis of 2009, this story is told from the point of view of those most affected by events. It is not only Detroit’s fate that hangs in the balance but also dozens of places such as Bedford, Marion and Kokomo - small manufacturing towns in Indiana that have been home to Ford, Chrysler and GM plants for generations. Indiana has the highest proportion of manufacturing jobs in the nation, and is second only to Michigan in terms of auto industry-related jobs. At the Crossroads documents the monetary policies determined by Washington, implemented by Wall Street and which devastated Detroit. In addition to looking at big players, living and dead, such as former car czar Steve Rattner, controversial Cerberus boss Stephen Feinberg, GM's much-maligned Roger Smith, and UAW bosses Walter Reuther and Ron Gettelfinger, the book also gets up close and personal with small town mayors, union leaders and rank and file, and local businessmen as they confront their year of decision. This thorough and up-to-date examination explains how the Detroit auto industry stumbled, why the decline matters, and how the Obama administration squandered an opportunity to rebuild an entire region in the industrial heartland.

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