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Obama touts auto industry bailout: 'That bet has paid off'

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President Obama on Monday touted the auto industry bailout as the U.S. government sold its remaining shares in General Motors (GM). “Today, that bet has paid off,” said Obama in a statement, heralding the government's $80 billion bailout of two of Detroit's “Big Three” carmakers. “The American auto industry is back.” The Treasury on Monday announced that it had sold its...