But Bush was awful with fiscal responsibility and govt growth and is part to blame as is the GOP congress of those years...even though there were occasional smart moves like trying to reel in Fannie and Fredo
What Obama and his gang have done is so accelerate it all with drunk spending.
So...no matter how one parses what Bush said about TARP...it was still a questionable idea and he along with plenty GOP have blame.
I hate TARP...bottom line...it gave asshats at Banks a pass...guys who ran footloose with other’s cash and went broke and got bailed out by our taxes...and now they are sitting on their liquidity...which is all TARP did...it did nothing to invigorate bank lending.
I know this because I borrow their money as a living..banks that took TARP are tight as drums and scrutinize every covenant to prove to regulators how good they are being...but loan not much even as they crow great terms for public consumption.
I don’t have a problem saying I supported Bush on certain things (immigration, spending, etc) and didn’t support him on others.
I think he just got this TARP thing going because everyone told him the house was going to burn down, and he agreed.
From day one, TARP enraged me, because I saw it for what it was, a complete and utter boondoggle to spread cash to prevent some people from feeling pain, but wasn’t going to do a damned thing past that.
Ex-President Bush surely deserves a portion of the blame, particularly for TARP.
I simply don’t think he is the prime culprit in this mess.
The prime culprits are liberals for kicking this whole mess off back in the 1970’s (CRA) and Republicans (even including Reagan) who went along to get along with various pieces bolted onto it since then (HMDA, etc) because they didn’t deem various things important enough to make a stink about.
We know better now.
LOL...there was a bad mistake of editing on my part. I meant I agreed with Bush on certain things and DISAGREED with him on other things (such as immigration, spending, etc)
Boy, that was a case for profreading before posting right there if there ever was one!