As the opening act of Obama’s fledgling presidency unfolded, the country — and the
world — kept a close eye on the 44th
president’s every important move.

Taking unprecedented control over the U.S. auto industry, Obama accepts the resignation of GM CEO Rick Wagoner. The administration announces restructuring ultimatums for GM and Chrysler, which could be headed to bankruptcy. Conservatives warn that the administration is meddling in free markets.