Memorandum on the Freeze on Discretionary Awards
08/02/2010
https://www.presidency.ucsb.edu...
On day one, we took the reins, and we said, we are going to make sure that we don't slip into a great depression.
The economy was contracting at 6.5 percent that quarter that I was sworn in, the worst financial crisis since the Great Depression.
Barbara was there, standing right there next to me
we had to make sure that GM and Chrysler aren't liquidated