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Subscribe to The Hustle Daily Newsletter now: https://clickhubspot.com/qas On this day in 2008, the US government bailed out GM and Chrysler. With both automakers on the brink of bankruptcy in the financial crisis, President Bush released $13.4B in emergency funding to save 1.5m jobs. That number increased to over $80B in the years to follow, which helped both companies return to profitability. Video Hosted by Michael Sikand.