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

To: Road Walker who wrote (512990)	9/15/2009 11:29:13 AM
From: jlallen	3 Recommendations Respond to of 1576612

If you want to credit Bush for the first half of TARP....then to be intellectually consistent, you have to credit Obambi with the second half....personally, I am happy with crediting the Dem Congress fully for the entire boondoggle.... J.

To: Road Walker who wrote (512990)	9/15/2009 11:34:07 AM
From: i-node	1 Recommendation Read Replies (1) \| Respond to of 1576612

>> I thought it was the Dem congress? Obama didn't have to spend one nickel of TARP money had he chosen not to do so. That makes it HIS deal when you start dividing up the deficit. What's more important, however, is HOW the money was spent. As far as I can tell, we're actually getting money back as promised on the money Bush spent. There seems to be little chance that will happen on the Obama money. It went into a black hole never to be seen again. If you want to place blame for the deficit, fine. But let's have just a little bit of honesty here. The final year Bush deficit was high due to that $350B, no doubt about it. But a significant portion of that money is coming back. There is no doubt the liberals are going to want to show it "spent" under Bush and "repaid" under Obama (so as to "increase" the Bush deficit and "decrease" Obama's) but this just doesn't accurately reflect what happened.