The president and the executive branch are always going to have greater latitude and greater authority when it comes to protecting America because sometimes you just have to respond quickly and not everything that is a danger can be publicized and be subject to open debate, but there have to be some guardrails.
Barack ObamaThe fear among economists across the political spectrum that was - was that we were rapidly plummeting towards a second Great Depression. So, in the weeks and months that followed, we undertook a series of difficult steps to prevent that outcome. And we were forced to take those steps largely without the help of an opposition party, which, unfortunately, after having presided over the decision-making that had led to the crisis, decided to hand it over to others to solve.
Barack ObamaWe all knew this. We all knew that it would take more time than any of us want to dig ourselves out of this hole created by this economic crisis.
Barack ObamaThe banks, because of mismanagement, because of huge risk taking, are now in very vulnerable positions. We can expect that we're gonna have to do more to shore up the financial system. We also are gonna have to make sure that we set up financial regulations so that not only does this never happen again, but you start having some sort of - trust in how the credit markets work again.
Barack Obama