[sickoflibs]

Although I will say bailouts like the ones under Bush and then Obama which have been defended by many Bush and McCain supporters here create a necessity that the government ‘educate’ everyone on credit cards and loans.

You can't have credit card companies and mortgage companies setting out to trap the clueless into debt, doing great $$$ profits with high interest rates, and then have the taxpayers bail them (the banks) out when it all falls apart and they default. Not unless you want to provoke a communist revolution here as a response to outright legalized theft.

The pro-TARP Republicans somehow rationalize this as making sense, and everything is fixed by complaining about those that defaulted, and claiming TARP Republicans 'saved the economy' (Obama says this now too as he is one.)

[stephenjohnbanker]

Co-rrect