DETROIT
01/29/2012 11:13 am ET

GM CEO: No Apologies For Accepting U.S. Bailout

Just a few years ago, America's auto industry was on the verge of collapse. When President Obama took office, he had to decide whether to bail out General Motors or let it die. He chose to send them a lifeline, to the tune of $50 billion. In this week's State of the Union speech, President Obama said that decision paid off.

"Today, General Motors is back on top as the world's No. 1 automaker," Obama said.

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