Barack Obama on Michigan

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We had to stabilize the financial system, which, given the role of the big banks in creating this mess, was a pretty tough pill to swallow. I knew it would be unpopular -- and rightly so. But I also knew that we had to do it because if they went down, your local banks would have gone down. And if the financial system went down, it would have taken the entire economy and millions more families and businesses with it. We would have looked -- we would have been looking at a second Great Depression. So in my first months in office, we also had to save two of the big three automakers from a liquidation bankruptcy, complete collapse. Some people weren't happy about that, either. I understand that. They felt like if you're in a business, you make a bad decision, you ought to reap the consequences, just like any business would. The problem was, if we let GM and Chrysler simply go under, hundreds of thousands of Americans would have been hurt, not just at those companies themselves, but at auto suppliers and other companies and dealers here in Michigan, up in -- here in Ohio, up in Michigan, all across this country.
- Barack Obama, O)
Barack Obama
So the people in Flint, and across Michigan, and around the country -- individuals and church groups and non-for-profits and community organizations -- you've proven that the American people will step up when required.  And our volunteers, our non-for-profits, they're the lifeblood of our communities.  We so appreciate what you do. But volunteers don't build county water systems and keep lead from leaching into our drinking glasses.  We can't rely on faith groups to reinforce bridges and repave runways at the airport.  We can't ask second-graders, even ones as patriotic as Isiah Britt who raised all that money, to raise enough money to keep our kids healthy. You hear a lot about government overreach, how Obama -- he's for big government.  Listen, it's not government overreach to say that our government is responsible for making sure you can wash your hands in your own sink, or shower in your own home, or cook for your family.   These are the most basic services.  There is no more basic element sustaining human life than water.  It's not too much to expect for all Americans that their water is going to be safe.
- Barack Obama, O)
Barack Obama