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Bush Announces Bailout

President Bush has announced a plan to provide $13.4 billion in loans to GM and Chrysler, explaining that the consequences of 'disorderly bankruptcies' were too grave to avoid taking action.

videos/2008/12/19/bush-announces-bailout/bush-auto-bailout_q5dabo

President Bush has announced a plan to provide $13.4 billion in loans to GM and Chrysler, explaining that the consequences of 'disorderly bankruptcies' were too grave to avoid taking action.

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