TARP had nothing to do with the democrats taking congress in 2006
It was the Iraq War diaster
That was the beginning of the end
You're right. It had nothing to do with the demoCraps taking control of Congress.
TARP was the gooberment purchasing $700 billion worth of 'toxic assets' a.k.a. subprime mortgages from the Wall Street banks who issued them to Mexican illegal aliens as a result of the changes Bush made to immigration and banking laws. (See: Troubled Asset Relief Program - TARP)
If you refer to my FR home page you'll see that in 2002 Bush called upon Fannie Mae and Freddie Mac to increase commitments to the 'minority' market by $440 billion. Bush wanted to see 5.5 million new 'minority' home owners by 2010.
And, just who were these 'minority' home Bush wanted to help? I quote Bush, "Three-quarters of white America owns their homes. Less than 50 percent of African Americans are part of the homeownership in America. And less than 50 percent of the Hispanics who live here in this country own their home. And that has got to change for the good of the country. It just does."
Just to whom do you thing Bush was referring when he said, "...Hispanics who live in this country..."? Mexican illegal aliens.
Never forget that Duh-bya comes from a long line of Wall Street bankers and it was this constituency he served from the day he took office. First, it was laying the ground work for the the sub-prime loans via P2P Agreement (with Mexico), then it was the NATF. Once these were in place, he cobbled border and interior immigration enforcement and the feeding frenzy started. Once the market blew up, he used taxpayer money to bail out these very same banks.