TARP AND the stimulus saved the economy, which the Bushies wrecked. Got it yet duh...
TARP was Bushes. And it was as stupid as the stimulus money that wasted billions with nothing to show for it except some campaign donors being paid back.
According to the Obama administration, the money loaned out on TARP has ALL been repaid to the government.
A lot of the so-called stimulus money was wasted on failed green companies, but it did keep a lot of government employees working so they could keep paying those union dues.
Some did pay the TARP money back, but then many didn't really want it. Detroit is a great example of how successful the auto bailout was.
Stim money was supposed to go for infrastructure, but the worst roads and bridges remain dilapidated and big money was spent to put fences on fairly new bridges and some roads were re-done even though they weren't that bad. I suspect it was a matter of enhancing some cities by using certain companies and not actually addressing the things that really needed fixing.
Yea, the green companies wasted billions without a damn thing to show for it. In Solyndra's bankruptcy filing, the California Democrats were named, so they would have gotten any money left. I lost count of how many companies went under really quick. They spent money to build and furnish office buildings, but no indication that money was spent on actual research. I think it was a money laundering scheme. How many billions of dollars disappeared into thin air?
Bush signed off on TARP, but the Obama administration had the responsibility of overseeing how the money was spent. Some dealerships were saved and others forced to close. And it was such an amazing coincidence that the ones closed were not liberal campaign donors. Imagine that.
TARP was the first hit to the economy. The 'too big to fail' companies were just getting pay back for helping get people elected. Small businesses in the service industry took an immediate hit when Obama vilified companies for treating employees and clients to nice annual events. Most of the events were planned and paid for long before the TARP money was thrown around, yet the administration made it sound like they were using the money for fun. The events got cancelled, which hurt the resorts and other places that relied on them. Other companies cancelled, too, even though they didn't even take TARP money. It's like they were all afraid to spend money for fear of having ACORN round up angry mobs and come harass them at their homes, the way they did to the AIG execs.
TARP saved some big companies, but didn't do a damn thing for the rest of us. The liberals like to pretend to be for the little guy, but with TARP and the stimulus money, they bailed out the likes of Goldman Sachs and other wealthy companies. Had to save the people who fund their campaigns. It was so hypocritical to see the same people supporting the Occupoopers later on. Yea, bail out the wealthy, then say that people have a right to be angry at the 1%. Goldman Sachs is the 1%. And not only that, but it's Goldman Sachs that will clean up with Cap and Trade. We get the cap (with high prices and fines) and they get money from the trade part. Sweet deal, eh? No wonder Obama chose an EPA chief that was willing to make it happen under the radar. Of course, the liberal media wasn't about to expose that, but thankfully the non-liberals still have some freedom of speech.
As far as wealthy congress members, Dems lead the way. And it strikes me as odd that all of them, both parties, manage to become wealthy while they serve this country and ***** about how they need their salaries because of the cost of living in DC.
The talk about improving the economy is nothing more than a ruse while they destroy middle class in preparation for bringing in socialism. They can't be honest or people would revolt and they know it. That is always how it goes. No country ever voted to bring in socialism. It gets introduced little by little while the socialists lie about what they are doing. It's no different now.
Extending unemployment and raising minimum wage sounds caring. It's not. Getting out of the way of job creation and encouraging people to strive to make themselves more desirable to employers is the way out of poverty and the best way to improve the economy. More tax payers, more support of local small businesses is the ticket. The Dems are ensuring that we have less tax payers and a bigger tax burden. It's not the wealthy who will bear the burden. It's the ever-shrinking middle class. Obamacare is likely going to be the final blow that destroys middle class for good. All the talk of income inequality and yet they are creating more poor people and making the rich richer.
It's beyond comprehension how many people tend to listen to what they say despite the fact that it rarely matches what they do. Fancy speeches are more powerful than actions. Of course, the media doesn't go out of it's way to report on the actions and when some do, the feeble minded sheep dismiss it because they find it easier to take the word of their messiah and don't want to believe he lies.
