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I agree. As I say that, I have to admit I was for TARP. I have since seen the error of my ways. It was sold to shore up the banks ‘right now’ or else our whole banking system would collapse. As the debate continued on for several weeks, I began to have misgivings. The real kicker, even after it was passed, they didn’t spend most of it for months.

We were fed a cock and bull story, and I fell for it. Things may have been a lot worse if we hadn’t passed it, but it led to follow-on spending that was inexcusable. Today I think it would have been best if we hadn’t passed TARP or any of the nonsensical spending that followed. We’d be trillions ahead of the game and have a much healthier financial situation all the way around.

Of course McCain should own up to it. That he doesn’t is another facet of John’s character. He doesn’t have any. This guy is unfit to hold public office, pure and simple.

As for recent gains and if they would have taken place under McCain, absolutely not. No way! Pelosi would have gained seats and the Conservative brand would have been destroyed even further. The media would have spent four years labeling McCain a Conservative every time they mentioned his name. THANK GOD we didn’t have to watch that reality play out over four years.

It’s bad enough watching Boehner led around by the ring in his nose by the Democrats. This seating fiasco at the State of the Union is devastating, in that it telegraphs who is really in control. Nice job Boehner, less than a month in and you’re a grade a number one pussy.

“Hello, is this the head of the DNC? Okay. What do I do next?”

Heaven help us...

Even if TARP was necessary economically LONG TERM, and it can-never be proved one way or the other, having the Republican president insist on it was guaranteed to destroy what little was left of the Republican party politically, after immigration reform did it's damage.

The party of capital gains tax cuts cannot be the party of bailing out bad investments with taxpayer money (and yet say no for any social spending) without making them look like total prostitutes for Republican interests. My tagline at the time was something like : “TARP = RIP Republican Party” This would be the political equivalent of Obama demanding an emergency bailout of California just before a presidential election.

It was sold to shore up the banks ‘right now’ or else our whole banking system would collapse. As the debate continued on for several weeks, I began to have misgivings. The real kicker, even after it was passed, they didn’t spend most of it for months.

You were correct in your first assumptions about TARP.

Without it, banks were reeling and about to go over the edge. Without TARP, Moragan Stanley was about to go down immediately. Goldman would have followed. Along with TARP, MS was saved by doing a lie-saving deal with Mitsubishi Bank in Japan which would never have happened if TARP hadn't happened to restore overseas' investor confidence.

It wasn't so much that every dollar had to be spent; instead it was instilling the idea that Gov't was going to be there at that time. This didn't happen in '29 and it was what caused things to go out of control there. Bush was right about TARP and the fact that a large majority of it has been paid back makes the nay-sayers wrong about their screams that the money would never be seen again.

Now, those who used TARP as justification to go into MORE debt...that's another story...

” It’s bad enough watching Boehner led around by the ring in his nose by the Democrats. This seating fiasco at the State of the Union is devastating, in that it telegraphs who is really in control. Nice job Boehner, less than a month in and you’re a grade a number one pussy.

“Hello, is this the head of the DNC? Okay. What do I do next?”

Heaven help us...”

Yep....better look to heaven, as Boner & McConnell are both useless, if not detrimental to America