By JERUSALEM POST STAFF
President-elect Barack Obama wants to see shifts in how some of the nation's biggest economic problems are being handled, from helping the troubled auto industry to aiding homeowners fighting foreclosure, he said in an interview.
While he's said there's only one administration in power right now, he said in an interview with CBS "60 Minutes" airing Sunday there are some changes he would like to see.
"For the auto industry to completely collapse would be a disaster in this kind of environment," Obama said. "So it's my belief that we need to provide assistance to the auto industry. But I think that it can't be a blank check."
Obama said he hopes that the White House and Congress will develop an assistance plan with input from all players in the industry - from management to labor and lenders - to develop "a sustainable US auto industry." That hasn't happened yet, he said.
And he wants to see more of a focus in the bailout plan on the needs of homeowners.
"We have not focused on foreclosures and what's happening to homeowners as much as I would like," Obama said. "We've got to set up a negotiation between banks and borrowers so that people can stay in their homes. That is going to have an impact on the economy as a whole."
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