The New York Times
Sunday, May 31, 2009 -- 9:58 PM ET
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U.S. Details Plan to Rescue G.M. Through Bankruptcy
President Obama will push General Motors into bankruptcy
protection on Monday, making a risky economic and political
bet that by nationalizing for a period of years the onetime
icon of American capitalism, he can save the company as a
much smaller automaker that is competitive. Aides said that
Mr. Obama plans to tell the nation on Monday that he believes
G.M. can be brought back from the brink of insolvency, even
if the company looks almost nothing like the titan of old.
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