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Michigan Facing “Economic Katrina” If GM Files for Bankruptcy, Rep. McCotter Says
Already saddled with the country’s highest unemployment rate, Michigan faces “an economic Katrina” if GM or Chrysler file for bankruptcy, says Representative Thaddeus McCotter (R-MI).
Last month, President Obama rejected the automakers’ proposals that included combined job cuts of 50,000 workers. McCotter now fears job […]