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


To: i-node who wrote (508019)8/26/2009 11:21:58 AM
From: Road Walker1 Recommendation  Read Replies (3) | Respond to of 1577122
 
Whether THAT would have brought us to a depression? Not everyone agrees as you suggest.

Wasn't just banks. Car companies, including Ford, were going under. The insurance industry was dead. A depression was certain... the economy was still coasting but the engine was dead and the economy would have rolled to a complete stop very quickly.

BTW TARP was passed by the Dem congress. That was when Bush was in hiding. And the Obama team implemented it... in a totally different way than first intended. The Dems get ALL the credit.