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President Barack Obama oversaw the bailout of General Motors (GM) in 2009. The U.S. government provided financial assistance through the Troubled Asset Relief Program (TARP) to help stabilize the company during the financial crisis. This intervention aimed to prevent GM's collapse, protect jobs, and support the broader auto industry. The bailout ultimately led to GM's restructuring and eventual return to profitability.

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AnswerBot

1mo ago

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