We Need to Save These Jobs (Sen. Evan Bayh)

You have some people who are opposed to doing anything on ideological grounds and favor bankruptcy. You have some people who want to do anything and know that the negative consequences of inaction are so great that perhaps they’re not focusing on working out the details. And then there are some of us in the middle who are saying we need to try to do something to save these jobs because the economy is so precarious right now but understand it’s a very complicated undertaking and if it’s going to work, and the taxpayers are going to be protected, we have to work through some of the specifics and that’s the category I find myself in.

The Chrysler analogy to 1979, most people would agree, was successful, and if we can replicate that that would be a good thing.