Books, Arts & Manners: Bailout Blues

New Deals: The Chrysler Revival and the American System, by Robert B. Reich and John D. Donahue (Times Books, 360 pp., $17.95)

On June 22, 1979, Chrysler Chairman John Riccardo informed Stu Eizenstat, Jimmy Carter’s domestic advisor, that his firm, the tenth largest industrial concern in America, was on the edge of bankruptcy. Could the government help?