rightwinger
Award Winning USMB Paid Messageboard Poster
- Aug 4, 2009
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TARP was one of the only successes Bush had.
Both Bush and Obama conferred with their economic advisors and both came to the same conclusion....The financial sector cannot be allowed to collapse. As the market went into a panic and dropped from 14,000 down to 6,500, TARP provided investors with a clear message that the US Government was willing to stand behind the financial sector.
Investors calmed down, the market recovered and the recession reversed
Only morons like Titanic can still whine about TARP
Both Bush and Obama conferred with their economic advisors and both came to the same conclusion....The financial sector cannot be allowed to collapse. As the market went into a panic and dropped from 14,000 down to 6,500, TARP provided investors with a clear message that the US Government was willing to stand behind the financial sector.
Investors calmed down, the market recovered and the recession reversed
Only morons like Titanic can still whine about TARP