2012 May 24 |
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Rahm Emanuel

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The New York Times certainly thinks so:

Fresh from pushing Chrysler into bankruptcy, President Obama and his economic team are hoping that the hard line they took last week gives them leverage to force huge changes in General Motors, a far larger and more complex company.

Officials say that, difficult as Mr. Obama’s decision was on Wednesday to take all the risks of a Chrysler bankruptcy, the politics of reshaping G.M. will be far harder. Already a shadow of the company that once dominated the American landscape, G.M. will be forced to eliminate tens of thousands of additional jobs and close factories and dealerships nationwide.

In Chrysler’s case, the tough job-cutting decisions had already been made and the government is taking only a small stake.MORE

Shortly before becoming Obama’s chief of staff, former Congressman Rahm Emanuel donated $85,000 to Democratic lawmakers. Most of the money went to Junior House Democrats, but he also donated $2,000 to Senator Harry Read and $1,000 to Kristin Gillibrand, who later took over Hillary Clinton’s seat in the U.S. Senate.MORE

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