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Yes Obama (having done a lot of his work in the Chicago area) knows how catastrophic GM's death (or any of the big three for that matter) would be to the economy, and he has stated that he will not let the American auto industry die. However, I think they are going to need help long before Jan 20th. I have confidence they will get the help they need from the government, since they have some good vehicles coming up. But I think they need to do some reforming in the area of having too many vehicles that compete with eachother, among other things.
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