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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (489451)	6/20/2009 5:52:37 PM
From: i-node	Read Replies (1) \| Respond to of 1572102

>> Then why did Bush et al tell Congress that the financial system was in free fall? I believe I clearly stated in this thread at the time that everyone was overreacting to the situation. Including Bush. It was hard to tell, because when you have the politicians in a state of panic, you think, "Hell, they must know something we don't." But they were wrong, R & D alike. We know this because were we headed into a depression six months ago, nothing that has happened since could have remotely affected that. The so-called stimulus money has scarcely begun to be spent. I was wrong about Bush's expenditure of $350B for TARP. Clearly, that's what saved the banking system. But it now appears we'll get a substantial portion of the first $350B back. The second 350B may be just wasted.