It is becoming more widely understood that TARP, indeed, DID stop a depression as it was used to bolster the supply-side. And TARP has mostly been paid back by the banks.
Because TARP is being understood as averting a depression, the liars are trying to claim the same for the Porkulus (that went to the demand side).
These people have zero shame. But we knew that.
TARP averted a Great Depression style PANIC, I’ll admit to that.
(even though Chuck Schumer tried his best to cause a bank run. Remember Indy Mac? Anyone? Buehler? Buehler?...)
The current situation is definitely the fault of government intervention. Producers have no confidence.
We’ve had many instances in this country of severe debt crisis. IMHO, this is a crisis that the “Progressives” won’t let got to waste.
Beware!