President Obama talks big banks, DNC, unemployment in exclusive interview | Politics
CHARLOTTE, NC (WBTV) – President Barack Obama is just months away from coming to Charlotte to accept a bid for a second run at President of the United States.
But on Tuesday, the president sat down with WBTV anchor Paul Cameron in an exclusive interview from the White House.
President Obama talked about the economy, foreclosures, unemployment, the Democratic National Convention and big banks.
"Well, you know, I think that the first thing to understand is that the financial system in the United States is critical for our overall economic health," President Barack Obama told WBTV's Paul Cameron.
"My grandmother worked at a bank and when they are doing the right thing and allocating capital to a young entrepreneur who has got a great business idea and giving a family a loan to buy their first home or a car to get them to work - that's exactly what our banks should be doing, When we got into some of the speculative stuff that was taking place on Wall Street, it was very dangerous. It was very profitable for some, but dangerous for the rest of us and we're still digging ourselves out of the hole that was made by that."
"Fortunately, we have put into place some tough rules to make sure that some of that reckless behavior can't be engaged in again," the president continued. "But I think its very important to recognize that the vast majority of folks in the financial industry want to do the right thing."
When he comes to Charlotte in September, he will benefit from some local knowledge from Charlotte's mayor.
"I've just fallen in love with North Carolina. Every time I go down there, I have a great experience, I've said last time I was down there, even the folks who don't vote for me are nice to me."
The President also talked about his changing attitudes toward Super PACs.
"What we got are some of these super pacs who'll spend up to half a billion dollars to try to buy this election and what I've said is we're not going to unilaterally disarm, what we have said is, my strong preference would be to completely eliminated the the super pac process, but we're not just going to let a whole bunch of folks who are self interested and aren't always disclosing what their contributions are, to simply purchase an election."
WBTV's Maureen O'Boyle spoke with Reince Priebus, the Chairman of the Republican National Committee, to get his take on President Obama's interview.
"You know the guy that ran four years ago as the Great Uniter - he was going to be different in Washington, he was going to bring everyone together - is now campaigning as the Great Divider," Priebus told WBTV.
"Whether you are working for a bank, or whether you work in the financial area or whether you are Republican or Democrat - everyone is going to hate everybody. This President is waging the biggest game of class warfare that we've ever seen."
While on assignment, Paul ran into Bob Schieffer, CBS chief Washington correspondent and anchor and moderator of "Face The Nation", CBS News' Sunday public affairs broadcast, while getting coffee on Tuesday.
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