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Politics : Formerly About Advanced Micro Devices
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sylvester80
To: bruwin who wrote (1085626)8/30/2018 3:39:48 PM
From: zzpat1 Recommendation   of 1584760
 
Let's begin with TARP. Senators McCain and Obama asked their parties to put country first and vote for it. McCain couldn't move his party. In the House Boehner also begged his party to put country first and again he was rebuffed. The first version of TARP failed, the Dow suffered it's biggest point loss in history and republicans still wouldn't budge. Without Senator Obama's help in the Senate, it's highly unlikely TARP would have ever passed and the US economy would have collapsed.

Then there were the spending cuts republicans wanted after Obama was elected (note how they haven't asked for draconian spending cuts when the economy is growing and when there's a white republican in the White House).

President Obama, Dems in the House and Senate raised spending and stopped us from going into a double-dip recession. Europe cut spending and some countries went into triple-dip recessions. Had republicans gained power they'd have put us into another Great Depression.
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