how is he cleaning up his mess? the debt is getting larger. we're still in Iraq and afghanistan is getting worse.
The conditions, that required financial support as prescribed by almost everyone with knowledge on the subject, that became clear about two years ago were a direct result of the amount and quality of regulation in the financial market.
There were two choices available at first then Bush narrowed the options as he set the mechanics in motion with the first TARP package.
The damage to our financial sector was estimated to be upwards of thirty trillion dollars from the speculators and those that folded bad debt so deep into the accumulated mortgages for resale that there was no fix possible.
We will probably spend ten - twenty percent of that to keep the financial sector intact with most of that being repaid back to the government. No one seems to notice that the bulk of the bailouts are loans that have already been paid back to a large degree.
So let me ask you a serious question. Since you believe Obamma is wasting tax payers money with bail outs.. Can you enlighten us on how you envision our world today if no action had been taken and the whole banking/investment sector imploded? And would that be Obammas fault also if he did nothing?