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During his visit to General Motors Company’s Lordstown Assembly plant yesterday, President Barack Obama told about 2,200 workers that GM’s survival was essential to the U.S. economy.

“I didn’t run for President to manage auto companies. It wasn’t something on my to-do list,” Obama said. “But in the midst of a deep recession and financial crisis, the collapse of the auto industry would have caused enormous damage to our economy. So we intervened for one simple and compelling reason: your survival and...

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Obama: GM’s survival was necessary for the U.S. economy

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