Kresta in the Afternoon – May 29, 2009 – Hour 1

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    First Topic – Two of the Big Three in Bankruptcy – Will GM Stay in Detroit?

    The US government would own 72.5 percent of General Motors under a proposed bankruptcy reorganization that now has support of GM bondholders. The US Treasury agreed to the plan to create a new company that buys the assets of the automaker and that bondholders who had rejected an earlier proposal "support the economic terms" of the new plan. US Congressman Thaddeus McCotter (R- MI) is here to discuss the bankruptcy and whether GM will stay in Detroit.

    Second Topic – The Apostle of Common Sense has a birthday

    Today is the birthday of G.K. Chesterton, the apostle of common sense. Chesterton expert, President and co-founder of the American Chesterton Society, and author of multiple books on Chesterton – Dale Ahlquist joins us. Also with us prolific biographer Joseph Pearce, author of Wisdom and Innocence: A Life of G.K. Chesterton

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