Quote Of The Day
“This dialogue about ‘we have to go back to our core values.’ What is that? How far does ‘core’ go back in history in America. Thirty years? Fifty years? Because we know that Teddy Roosevelt talks about universal healthcare. I think it’s all nonsense talk.”
– Arnold Schwarzenegger on This Week with George Stephanopoulos
Looks like Obama could have a great friend in California. Because not only is Schwarzenegger talking up universal health care, he’s also behind Obama’s plan for a rescue package for the Big 3 and is even asking for money for states.
I agree on all accounts.
These are uniquely challenging times and they call for creative, bold solutions. Just letting massive companies like this fail when virtually nobody is buying anything doesn’t make sense because the market is essentially broken and not supporting any business, much less businesses that make high price items like cars. Especially when we can set specific conditions for the loans that fit into our long term strategic goals.
And obviously we’re not advocating action just for the sake of action. We’re saying specific things need to be done because letting things run their “natural” course could have devastating consequences, particularly for the middle class.
In short, the term “domino effect” has never been more appropriate. Schwarzenegger gets that. I wish I we were able to convince more of this too.