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Article: Remarks Following a Meeting With Business Leaders and an Exchange With Reporters in Ada, Michigan
- Article from:
- Weekly Compilation of Presidential Documents
- Article date:
- October 20, 2008
- Author:
CopyrightCopyright Superintendent of Documents Oct 20, 2008. Provided by ProQuest LLC. (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 not-I don't think it's good for the ...