The Orwellian Obama Presidency

[dbphoenix]

Republican bailout?

Try again.
More Dems voted for it than Republicans...

And who proposed it? Who urged it? Who insisted that the US would collapse without it?

 

[Ricter]

Republican bailout?

Try again.
More Dems voted for it than Republicans...

http://www.politifact.com/oregon/st...chrader-says-more-republicans-democrats-vote/

PolitiFact Oregon went straight to the voting records to check this claim.

As it turns out, the House actually had to vote twice for the particular bill in which TARP was included. The first vote was on Sept. 29, 2008. The legislation failed to move, though, with 205 representatives voting in favor and 228 against. Of those who voted for the the passage, 140 were Democrats and 65 were Republicans.

A few days later, with the economy worsening, the bill got a second life when Senate members took a completely unrelated piece of legislation that hadn’t much moved anywhere for months and stuffed it with the bailout language. The new bill passedthe Senate on Oct. 1, 2008. On that day, 39 Democrats, 34 Republicans and one Independent voted in favor of the legislation. So, Schrader is wrong there.

The House then voted on the TARP language -- for the second time -- two days after the Senate, on Oct. 3, 2008. Ninety-one Republicans joined 172 Democrats in voting for the bill. Again, Schrader is wrong on this vote.

I'm ok with dems taking the blame for TARP.

Bailout tracker

 

[dbphoenix]

I'm ok with dems taking the blame for TARP.

Bailout tracker

I'm not. This business of so-and-so voted for it demonstrates a lack of understanding of just how government works. Or business, for that matter. One hires somebody to do a job and make recommendations based on what they've seen, done, whatever. Same with "dems voting for" invading Iraq. If Congress can't trust the CIA or the Sec'y of the Treasury or the Fed Chief or whomever, then what's the point in having them? These Repub functionaries were insisting that the apocalypse was only days away and that we had to ACT! What is Congress supposed to do? Insist that they need to "study the situation" and issue recommendations in a month or so or six? I don't recall anybody in government even entertaining the notion that shareholders and bondholders should assume responsibility rather than leave taxpayers holding the bag.

 

[fhl]

Catfight on the left.

 

[Tsing Tao]

I don't recall anybody in government even entertaining the notion that shareholders and bondholders should assume responsibility rather than leave taxpayers holding the bag.

Ron Paul did. Would you like links to prove it?

But he's a crazy old loon to you folks. Don't mind him.

 

[wjk]

And who proposed it? Who urged it? Who insisted that the US would collapse without it?

Rumor had it that Goldman Sachs and others had the ear of them all. What a surprise.