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The reason Obama's stimulus failed.
- Thread starter Max E.
- Start date
Quote from Max E. Pad:
Nope, i didnt agree with TARP either but lets be realistic about which one really saved the country from a depression. TARP saved the entire banking system from collapse, had we let it go that easily would have been another 10% higher in the unemployment. Pkus when it is all said and done TARP will only end up costing abot 100 billion because most of it has been paid back.
Interesting. So, do you think it was money well spent or not? You say you did not agree with it but then you list all the reasons why, in your estimation, it had to be done.
Quote from Max E. Pad:
Like i said i hated the idea of bailing bankers out, and would not have done it, simply because it basically let the bankers know they could do whatever they wanted from now on and the government would be there to bail them out. But lets be realistic about which of the two programs was the real piece of shit.
Simple, they both were o0f the fecal variety. They both represent grand larceny against the American people on an incredible scale. Let's remember, TARP was supposed to get the banks lending again but largely, they haven't. What they did use TARP for was to buy each other up, pay bonuses, and sit on the change. Do you have information that suggests otherwise?
Quote from denner:
Why do people continue this exercise in futility of comparing Bush vs Obama? They're both beholden to special interest groups that work directly against the best interests of the taxpayer.
Because these folks are still caught up in the false left/right paradigm, and that is by design. They've been trained since birth to think of politics as either Republican or Democrat, liberal or conservative, without ever realizing that these labels are a means to divide us against ourselves; also, regardless of whether we vote for the corporate media's pre approved (d) or (r) candidate, things pretty much continue in the same direction. For me, it took a few cycles for this to become clear, so I do understand why many are still blind to it.
Quote from DAS Trader:
Because these folks are still caught up in the false left/right paradigm, and that is by design. They've been trained since birth to think of politics as either Republican or Democrat, liberal or conservative, without ever realizing that these labels are a means to divide us against ourselves; also, regardless of whether we vote for the corporate media's pre approved (d) or (r) candidate, things pretty much continue in the same direction. For me, it took a few cycles for this to become clear, so I do understand why many are still blind to it.
Yes, exactly. Good answer.
Now if only all of those still in the dark could realize the folly of cheerleading "their guys" vs the other guys, we might make some progress.