President Barack Obama Message Board

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Politics : President Barack Obama

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To: Lizzie Tudor who wrote (45803)	11/26/2008 4:01:54 PM
From: RetiredNow	Read Replies (1) of 149317

Hey Lizzie, I'm glad to hear this. It's crazy, but if you take me back just 2 years, I would have said hell no to any bailouts. But given that we're in the middle of the worst recession since the Great Depression, I've changed my thinking. We've already bailed out all the rich guys and I'd like to see the middle class get some relief as well, through these bridge loans and that trust fund to help Detroit retool for green cars and green jobs. We need to take a different attitude this time around, one that focuses on saving what industries we have left for when the economy gets going again. Then we can step back and let these companies sink or swim. But right now is not the time to be choosing who to punish arbitrarily.

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