Opinion on A.I.G. bailout

The candidates on A.I.G. bailouts

September 17, 2008, 12:15 pm

By Kate Phillips

In this article it discusses Obama and McCain's opinions on the A.I.G. bailout. In this article, McCain states, "The focus of any such action should be to protect the millions of Americans who hold insurance policies, retirement plans and other accounts with AIG. We must not bail out the management and speculators who created this mess". This point of view is more anti-federalist because he states that the business should not be protected but the people should. Although McCain claims to be federalist, he has more of a mixed opinion of federalist and anti-federalist.

On this issue, Obama states, "It should bolster our economy’s ability to create good-paying jobs and help working Americans pay their bills and save their money. It must not bail out the shareholders or management of A.I.G." This statement is very similar to what McCain stated. The two candidates are both a mix of the federal and anti-federal points of view. This to me is very reassuring, because it shows that either way, our country will be much more balanced than it currently is.

I think that the federalists and the anti-federalists came to a good common ground in the agreement and signing of the constitution. The government didn't get complete power, they got a constitution, but it listed the rights of all the citizens of the United States. This was interesting to me because it showed how two groups of opposing opinions can come to an agreement to create something that is much better than it would have been without the conflict. This is very similar to what is happening today. The balance of the two views on how a country should be run is the best way to please the country as a whole.