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GM’s proposal to restructure the company includes $30 billion from the US taxpayer while firing another 47,000 of those same taxpayers.

General Motors submitted the plan to the Treasury  today to explain how the Detroit automaker will become viable and repay its loans. It says GM will try to borrow up to $16.6 billion more from the government, on top of the $13.4 billion it has already received.

GM, in an attempt to blackmail the US public, says it has considered the option of bankruptcy which could have a total cost of $100 billion.

Should GM be allowed to layoff tens of thousand of US citizens while getting billion of dollars from those very citizens?

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