Cykdelic Loc: Now outside of Chiraq & Santa Fe, NM

I will always disagree not bailing out the banks as a general action (although the method in which they did it was questionable).

Both Obama and McCain blessed the action before it was taken (an extremely civil and gracious action by GWB but one he took because he knew one of them would be stuck with any consequences).

Here’s a tidbit for all.... IF the action hadn’t happened on that fateful weekend, we all would have woken up Monday and NOT A SINGLE ONE OF US would have been able to use a credit card or write a check! At that time the issue was not the economy, it was the entire U.S. banking and credit system, and the entire system would have shut down because EVERY SINGLE BANK would have refused any credit to any other bank (which is in the simplest form what a check and credit cards are).

For those who followed the entire worldwide shitstorm that was actually started by the earlier default of Iceland..... if the U.S. financial system had collapsed the entire world would have spun into an almost instant worldwide depression that would have made the 1929 depression look like a walk in the park.

Yes, folks.....it actually was TARP that prevented a worldwide meltdown and depression.

Let’s not get started on the unfair way it was implemented, though!

Cykdelic Loc: Now outside of Chiraq & Santa Fe, NM

You’re a delusional liar.

Clinton ADDED a minimum of $1.396 trillion, a 32% increase from the $4.4 trillion debt at the end of George H.W. Bush's last budget, to the U.S. debt.

You’re also a delusional liar if you’re seriously trying to perpetuate the lie that Clinton ever decreased the U.S. debt for any year!

Cykdelic Loc: Now outside of Chiraq & Santa Fe, NM

Don’t confuse rixy with numbers he can’t count on his fingers! It just frustrates him.

Cykdelic Loc: Now outside of Chiraq & Santa Fe, NM

I think he is!

Apparently large numbers confuse him so he’s not aware that the middle class shrunk under Obama and the black middle class literally disappeared under Obama!

Elaine2025 Loc: Seattle, Wa

I think your reasoning is flawed and designed to fit your political democrat views.

yhtomit Loc: Port Land. Oregon

C’mon, your a democrat. Spending lots of other people’s money is the standard you’ve
always lived for. Why is it bad now?

ken_stern Loc: Yorba Linda, Ca

A simple answer to your Oh so very simple question is: We didn't have a World Wide Depression !!!

All I know about economics is Three Words: John Maynard Keynes -- Read-up on him & he will tell you why Governments need to spend their way out of depressions

Blurryeyed Loc: NC Mountains.

It is not the spending that the demonics object to, clearly in their view the feds don't do enough and should double or triple their spending, the fact that people get paychecks at all instead of all the money going to the gubbermint is what they object to.

Blurryeyed Loc: NC Mountains.

John Maynard Keynes was the favorite of the democrats and progressives, does not mean he was right, Hayek presented a differing point of view that struck down much of Keynes' theory, Milton Freedman was not a fan either, both well respected economists in their own right. Keynes had a theory so did other great minds who disagreed.

Fotoartist Loc: Detroit, Michigan

F___ the debt. As a conservative I say go with the flow, spend away. Being fiscally conservative now when the Dems are offering everything free to everybody is not good electability-wise. The important thing is for Trump to get reelected. Beat the Dems at their own game. Use all the Saul Alinsky rules too.

btbg

John Maynard Keynes is or was an idiot. You can't spend your way out of a depression. The Weimar Republic tried that and failed, Argentina tried that and failed. and current economic analysis shows that the Great Depression was only great because of runaway spending. Without all the government programs it would have just been another recession.

As far as tarp goes, I can't say for sure what it did or did not prevent. What I can say for sure is that it was wrong to reward people who had acted criminally with bailouts and it was wrong to reward the unions by essentially taking part of GM away and giving it to the unions.

The whole thing stunk, even if portions of it might have been necessary. It still stunk to high heavens.

ken_stern Loc: Yorba Linda, Ca

THANKS for clearing up all my lifelong misconceptions ------- LOL !!!