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rulemylife -> RE: Whorehouse Harry Reid in big trouble! (10/19/2010 8:31:52 PM)
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quote:
ORIGINAL: willbeurdaddy
quote:
ORIGINAL: DomYngBlk
Not to point this out but it was the Bush White House who were chicken littling the finincial crisis in 2008. Members of congress reacted to this. Should they have? That is a different argument but given the "facts" being shown to them they had to act in some fashion.
Not to point this out but it was the Democrat controlled Congress and advisors, not the Bush White House, that drove most of the hysteria. The advisors who became Blowboys financial team. The GOP as a whole fought TARP down to the wire until they could no longer risk the political consequences of an actual financial meltdown, as unlikely as that might have been sans TARP.
No kidding?
God I love Republican revisionism!
Bush originator of TARP
It is amazing how short the memory is of the average citizen. I refer specifically to the bank bailout better known as TARP (Troubled Asset Relief Program). This was not a President Obama program. This was a George Bush program.
It was signed into law on Oct. 3, 2008. On Dec. 19, 2008, then President Bush, signed an executive order to declare that TARP funds could be spent on any program he personally deemed necessary.
The law was passed by a Democratically controlled congress, but 34 Senate Republicans and 91 House Republicans voted for the bill. This included the man who wants to be the next Speaker of the House, John Boehner.
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