Obama switched position on bailouts

Less than a year ago while campaigning in Springfield, Missouri Barack Obama claimed to oppose a bailout of the Big 3 automakers.

Chad Livengood of the Springfield News-Leader recorded the interview, which was highlighted by the Missouri Political News Service today. This topic comes up in the last 30 seconds or so of the clip. I’ll note here for the record that Obama didn’t rule out doing things that would assist the auto companies indirectly, such as developing an electric grid for use by plug-in hybrids, but he did reject direct bailouts.

Kudos to Livengood and MOPNS for documenting and reminding us of broken promises.

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Filed under Bailouts, Barack Obama

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