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two days ago W approved a plan to bail out the US auto industry.
President George W. Bush today introduced a $17.4 billion rescue plan aimed at rescuing the American automotive industry. The move is meant to give Chrysler LLC and General Motors the opportunity to continue payroll, continue supplier relations, and dodge bankruptcy.
In a statement, the president indicated that it is his responsibility to, “shield the American people from a harsh economic blow at a vulnerable time.”
