Who Supported TARP, And Why?

[mascale]

Many Democrats who opposed the banker's bonus bailout.,TARP, finally were in support of TARP when it came to reinvesting in the U. S. auto industry. McCain-Palin famously suspended their campaign to claim that bailing out the banker's bonuses had really been their idea, all along. In Going Red(?), Palin does allude to a perception problem in America: That GOP is really anti-business after all.

Palin was probably for TARP. The Democrats were for TARP, mainly when it becam pro-business, at the Obama Administration suggestion.

New Dem Senators Change TARP Position Post-election - The Note

The Republicans are now even against extended unemployment insurance. Customers will have money to buy things: That bankers won't buy for themselves9(?)!

Arizona is probably not a good pro-business model, after all: If it was. Democrats had voted for it, but Bush actually signed it, and Paulson wanted it done quickly. Pelosi-Reid did that.

TARP was neither Keynesian nor New Deal. Still the Democratis were willing to step forward into the emergency basis. The Obama Administration was able to Engage BP, in the emegency, and on that basis.

Does anyone see a campaign referendum in the Making in any of that! The Republicans don't seem to want to do emergency funding, and maybe even accoridng to Palin(?)!

"Crow, James Crow: Shaken, Not Stirred!"
(Many find need to soar like Great-Hunting-Chicken-Hawk-Of-GrandFathers-Many-Territories, back into Writers Guild(?)! Find New Non-Negro Dialect. . . .Hmmmmm! Politics Not Now Seen. . . .Snake-Tongue-Like National Disgrace!)

 

[rightwinger]

TARP helped to stop widespread panic in the financial sector.

It helped to stop us from dropping into a recession and lead to an economic turnaround.

One of the things Bush did right

 

[The T]

Many Democrats who opposed the banker's bonus bailout.,TARP, finally were in support of TARP when it came to reinvesting in the U. S. auto industry. McCain-Palin famously suspended their campaign to claim that bailing out the banker's bonuses had really been their idea, all along. In Going Red(?), Palin does allude to a perception problem in America: That GOP is really anti-business after all.

Palin was probably for TARP. The Democrats were for TARP, mainly when it becam pro-business, at the Obama Administration suggestion.

New Dem Senators Change TARP Position Post-election - The Note

The Republicans are now even against extended unemployment insurance. Customers will have money to buy things: That bankers won't buy for themselves9(?)!

Arizona is probably not a good pro-business model, after all: If it was. Democrats had voted for it, but Bush actually signed it, and Paulson wanted it done quickly. Pelosi-Reid did that.

TARP was neither Keynesian nor New Deal. Still the Democratis were willing to step forward into the emergency basis. The Obama Administration was able to Engage BP, in the emegency, and on that basis.

Does anyone see a campaign referendum in the Making in any of that! The Republicans don't seem to want to do emergency funding, and maybe even accoridng to Palin(?)!

"Crow, James Crow: Shaken, Not Stirred!"
(Many find need to soar like Great-Hunting-Chicken-Hawk-Of-GrandFathers-Many-Territories, back into Writers Guild(?)! Find New Non-Negro Dialect. . . .Hmmmmm! Politics Not Now Seen. . . .Snake-Tongue-Like National Disgrace!)

Not so fast:

Anti-TARP and Bailout Quotes from Sarah Palin and Paul Krugman

[SNIP]

PALIN:

"We're hearing now more talk of additional taxpayer bailouts ... for companies, for corporations, perhaps even states now who may be standing in line with their hands out despite, perhaps, some poor management decisions on their part that helped tank our economy."

"[I'm] disappointed that taxpayers are called upon to bail out another [company]."

""It sends the message that the bigger that you are, the more problems that you get yourself into, the more likely the government is to bail you out."

"How can we think that setting up the Fed as monitor of systemic risk in the financial sector will result in meaningful reform? The words 'fox' and 'henhouse' come to mind."

[/SNIP]

Krugman Opinion Piece (The Big Squander )

 

[mascale]

TARP was for the perceptions of the equity markets. The Credit Market of the bankers was not under that much pressure. Even in 2010, The Total Credit Market, ultimately backed by the banks, is $52.0 tril. Mostly, Rep. Frank knows that the real problem that Paulson-Bush should have faced was transparency.

So the big banks got a cash infusion. $200.0 bil. was repaid within 18 months, and at 8.5% APR. It is still not clear what they did with the money in the meantimem, escept that liquidity was freed up to pay mega-bonuses.

Finally the auto industry got a bail-out, and GM was worth the bail-out. The summer employment hiatus is not happening at GM during the Obama-Biden supported, Summer of the Stimulus.

Now banks are even redisovering the concept of maybe doing business. They make a lot of money, and were not seriously at risk--except that even the bankers couldn't tell if the other banks were even worse off, or not. The Libor Rates soared.

And that is bank to the Transparency problem, now to start to be addressed in the FInReg.

"Crow, James Crow: Shaken, Not Stirred!"
(American Banking chose to remain so invisible that it chose not to attend Her Majesty's PM's instructive seminar at Davos: Explaining the concept of credit. . . .to the assembled. . . and that bigoted woman!)

 

[Soggy in NOLA]

Are you people high??

 

[rightwinger]

Are you people high??

Agree...The T must be high to believe the nonsense he posts

 

[mascale]

The Republicans have been sending the message for a month: That the Bigger You Are, The more likely you will be bailed out.

If you are long-term unemployed, then your babies and your household will be crossed-off all the voter lists, and in all the Census Blocks, and in all the Social Security records that a GOP Administration can get its hands on!

The Republicans can't even back emergency unemployment relief!

And then there is Pallin, and in the Debates!

Yes, Palin Backed the Bailouts The Washington Independent

"Crow, James Crow: Shaken, Not Stirred!"
(It's probably easier to see bigger banks, from the front porches in Alaska. People, "Going Cold," are not on radar!)

 

[The T]

Are you people high??

Agree...The T must be high to believe the nonsense he posts

I refuted "Palin was probably for TARP".

Do try to keep up Norton?

 

[Luissa]

I used to believe the bank bailout and Tarp was a good thing. I don't know how I feel now. I do know I don't agree with bailing out the banks at all anymore. I think we should have let them fail. I am done with banks betting on our future.

 

[The T]

I used to believe the bank bailout and Tarp was a good thing. I don't know how I feel now. I do know I don't agree with bailing out the banks at all anymore. I think we should have let them fail. I am done with banks betting on our future.

Banks, Car companies...any large corporation if by their practices gets them into trouble? They need to FAIL.

And as to banks? I think we need to get RID of the FED Reserve.

 

[drsmith1072]

The Republicans have been sending the message for a month: That the Bigger You Are, The more likely you will be bailed out.

If you are long-term unemployed, then your babies and your household will be crossed-off all the voter lists, and in all the Census Blocks, and in all the Social Security records that a GOP Administration can get its hands on!

The Republicans can't even back emergency unemployment relief!

And then there is Pallin, and in the Debates!

Yes, Palin Backed the Bailouts The Washington Independent

"Crow, James Crow: Shaken, Not Stirred!"
(It's probably easier to see bigger banks, from the front porches in Alaska. People, "Going Cold," are not on radar!)

So am I to understand that this is similar to the bridge to nowhere that palin was for before she was against it and then for it again when they released the funds and said they didn't have to be used on the bridge as she took the money despite her previous stance against the bridge??

How can people even pretend to believe that she has any credibility or integrity

 

[Richard-H]

They should have just let the banks go down. Then the economy would have come to a complete halt. We'd probably have had 90% unemployment.

At that point, to alleviate the ensuing humanitarian crisis, the government would have had to step in and offer banking services.

Socialized banking without the seizure of private assets.

But for all of you that have a tooth against socialism. I'd say that TARP is the only thing that stopped it.

Besides that, the problem with TARP is that they gave the banks billions without transparency and without being specific as to how the money was to be used.

 

[Avatar4321]

90% unemployment huh? That's a fantasy.

 

[mascale]

Not one Republican House member voted for the Stimulus, now in its final stages, and only three Republican senators voted for the Stimulus, now in its final stages.

Even bankers have been reluctant to get too involved in the business of banking, and extending credit, until recent months. Now there are bankers banking, and now there are projects. . . .doing whatever unnatural acts a stimulus does, in economics.

Apparently, mainly liberals understand about the unnatural acts of a stimulus. Clearly the Republicans will have nothing whatsoever to do with unemployment benefits, refundable tax credits for middle and lower income households, credits for home-buyers to maybe choose a pricier brand--an emergency downturn funding--or credits for car-owners to get rid of the fuel-inefficient clunkers.

Anyone notices that had the Republicans, been at all interested in saving the housing industry: Then they wouldn't have sent all the federal deficit money, to the bankers in the form of bonuses.

Representative Barney Frank had it right all along. The Republicans have not even clue one about how to run a business. Finally, the bankers even refused to trust one another, and the Libor Rates shot up!

All of that is on record. The GOP supported TARP for banker's bonuses only. McCain-Palin even suspended their campaign to get the GOP version of "Conservative" Laissez-faire legislation done. The GOP refused even the support intervention for American Businesses when the auto-makers needed to keep their small business suppliers open. Palin is on record, again-and-again, opposed to bail-outs! That helps small business suppliers!

GOP can be said on record as not supporting state and local fire, police, and emergency reponders, provided relief in the Stimulus! The GOP wouldn't help an emergency reponder, even to the bank--already shown in their refusing to help with the Stimulus.

What the Republicans know is how to pay federal deficit dollars to the bankers. They even supported it, in the debates!

"Crow, James Crow: Shaken, Not Stirred!"
(Great-Chicken-Hawk-of-Many-Territories, soar with cajones of captured squirrel: Leaving so many nuts behind! Many say business plan like that: Maybe flawed!)

 

[Luissa]

We made a few people very rich, by bailing out the banks. I say next time let them fail. Time has proven, someone would have just taken them over.

 

[mascale]

Personally prooven by the Governor of all Baton Rouge, The Republicans can't even cap off an oil spill, but need a Democratic, federal administration: To connive the rich to cap it off instead.

Anyone notices what the Republicans "No!" It is even reflected in the apparently, widely reprinted, AP article in the link below:

Governors want U.S. aid, may accept deficit

The Republicans so despise first responders, that famously Rush Limbaugh has left New York beause New York intends to pay them.

In the Vietnam War era, it was called, "Cut and Run!"

If the Limbaugh/Palin/McCain/McConnel/Corker/Gregg. . .and on an on. . .Republicans, see an opportunity to thank or pay a First Responder--then out the window, they then go(?): From the Penthouse onto what's below!

"Crow, James Crow: Shaken, Not Stirred!"
(Great-Chicken-Hawk-Of-Many-Territories: Leave Nuts behind, but take squirrel cajones, and soar(?)! Basque Shepherds. originally of high-flying Spain, Leave No Nuts Behind--but not in Arizona--understanding delicacy matters!)