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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Freedom Fighter who wrote (127318)4/20/2011 7:36:04 PM
From: Nadine Carroll1 Recommendation  Respond to of 132070
 
The republicans did a lot of irresponsible things under Bush because the stock market, Nasdaq, and telecom bubble created under Clinton burst in 2000 and they were trying to prevent a catastrophe on their watch.

TARP was more emergency spending trying to prevent a catastrophe. It was supposed to be one-time emergency spending. Obama added it to the baseline of the Federal budget.