April 29th, 2009
09:00 PM ET
13 years ago

Obama 'hopeful' about Chrysler

WASHINGTON (CNN) - President Barack Obama said he wants the government's role in financially supporting troubled banks and auto industries to be short-lived.

"I don't want to run auto companies. I don't want to run banks. I've got two wars to run already," he said at his third prime-time news conference Wednesday. "I've got more than enough to do. The sooner we can get out of that business, the better off we're going to be."

Obama said he's hopeful that cost-cutting measures at Chrysler will help that auto company avoid bankruptcy.

"I am actually very hopeful, more hopeful than I was 30 days ago, that we can see a resolution that maintains a viable Chrysler auto company out there," he said.

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soundoff (One Response)
  1. Judith Loyer


    April 29, 2009 10:12 pm at 10:12 pm |