Posted on 10/06/2009 5:51:32 AM PDT by Just A Nobody
It’s not popular with his party, but Senate GOP leader Mitch McConnell is saying that the Wall Street bailout was a success – one year after the historic $700 billion vote.
The Troubled Asset Relief Program has “succeeded in stabilizing the banking system,” McConnell told reporters Friday.
Read more: http://www.politico.com/news/stories/1009/27851.html##ixzz0T9l2BtYV
I’ve heard very successful investment advisers that I trust say also that TARP worked. I’m not sure we have the information to prove or disprove the assertion other than that there is no current panic about the banks.
We can prove that the Stimulus and the C4C program failed - the numbers there are quite clear.
Meanwhile the later Obama pushed bailout has completely failed to stem the tide of job losses.
Mitch McConnell ought to shut his mouth else show the world what a dumb ass he truly is.
As long as we have baboso’s like this the pubbies will forever be RINO turds.
Yep, Mitchie is MY senator! If you don’t think I’M proud!!
Every penny of that money should be repaid by the ones it bailed out.
“has been a huge success”
I don’t disagree with you, but my only question is were we really “looking into an abyss”? I realize there was a lot of turmoil in the financial sector - but would things truly have collapsed if we did nothing? I am just a layman, but I do understand that it was not in our best interests to let the financial market crash. I guess what I am driving at - as a layman, how do we know we weren’t being taken for a ride? I was really uncomfortable with the “need for speed”.
Yes I saw that on Greta. My point is what was he supposed to say? XYZ bank is insolvent, Panic ensues and their is a run on that bank.
Making Glenn’s point about how there is no real difference between the parties, but for a bit on the edges.
As we discovered in 1995, there are too many entrenched-pol Republicans, a whole bunch who signed on to the Contract in '94 as no more than a photo-op, they demonstrated they were not serious about its intent.
If there is indeed a backlash in 2010, the GOP defeats many of these newer conservative Dems to gain the majority, is there seriously a hope in heck that the real criminal corrupt Dems will be ousted, Frank, Conyers, Pelosi, Waters, Dingle, etc., etc., etc.?? For that matter, how many of those old-timer Republicans (I'm not talking age, I mean these members who have been there so long they have barnacles on their seats) will be defeated? Or will they more likely win re-election and maintain their power due to seniority, say "It's my turn again" to themselves??
I will be watching my fellow conservatives closely, are we actually going to hold some feet to the fire this time or are people going to pull out the tired old mantra again, the one that goes, "Well, the Dems are so much worse ..." ??
I am waiting to hear the tired rerun from 2008 “well, at least he isn’t Obama”.
We all know how well that worked.
So, I’m not the only confused one?
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