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

To: Alighieri who wrote (713258)	5/4/2013 10:57:54 PM
From: i-node	Read Replies (1) \| Respond to of 1578930

>> No more than you can prove that the stimulus saved a total collapse of the economy, well under way by the time Obama took office....Bush was in charge, it happened on his watch, just as did 9/11, wasting trillions and thousands of lives on the war in iraq, botching Afghanistan, putting in place another entitlement without any plan to pay for it, and so on. 1. Apparently, you're confusing TARP with stimulus. TARP was Bush, stimulus was Obama. 2. Yes, it happened on Bush's watch but as I said, and as you have confirmed, you cannot point to ONE THING about Bush's administration that in any way led to or exacerbated the economic collapse. And in fact, everyone who knows anything about it has recognized that the Clinton changes to CRA were more responsible than anything else for the collapse, as is evidenced by the firing of Brooksley Born. >> It started exactly corruptly...Bush used TARP dollars and that those funds was never intended to be used as he did...but that's what he did and this is what he said. Today GM is profitable and its cars are the best the company has ever built. TARP money was used in a reasonable manner by Bush, which was for loans that were to be repaid. There was nothing corrupt about it. The corruption occurred when Obama essentially demanded that lenders (who were on the hook for TARP money) "forgive" the debt of GM, under duress. It was corrupt as hell and set a terrible precedent for the capital markets. As to GM today, I cannot comment on the cars because you couldn't give me one. But as to profitability, they are marginally profitable but definitely headed back to bankruptcy over time because of Obama's foolish intervention. As to your rant about the wars, it is worth noting that 8 US soldiers were killed there today, more than four years into Obama's administration. You cannot blame THAT on Bush.