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Article: Remarks following a meeting with business leaders and an exchange with reporters in Ada, Michigan.(Speech)
- Article from:
- Weekly Compilation of Presidential Documents
- Article date:
- October 20, 2008
CopyrightCOPYRIGHT 2008 U.S. Government Printing Office. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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October 15, 2008
The President. First of all, I want to thank leaders and small businesses and workers here in Grand Rapids for joining me. I explained to them why I felt the rescue plan was necessary. I explained to them that I was worried that if we did not do something about the financial situation, the economics would affect a lot of hard-working people all throughout our country, including right here in western Michigan.
So we moved with a plan big enough to make a difference; a plan with features in it that will cause investments to be temporary, because I frankly don't want the Government being involved with businesses, owning businesses. It's ...