Yesterday on Meet the Press, Bushie Karen Hughes claimed-- with a straight face-- George Bush rescued the economy with TARP.
And I, I have to disagree with you, Mark, about rescuing the economy, I think that happened before President Bush left office when they took the action that they did on TARP, and the banks have now repaid much of that money, but that's what stabilized the economy and prevented the collapse of the financial system.If that's the case then George Bush rescued the economy with a huge socialist policy. In other words, according to the Bushies, the largest socialist policy ever enacted in American history saved us. And these are the people who get to parade around the country as small government, fiscal conservatives and call people socialists when they don't agree with them. You can't have this one both ways.
Moreover, even after Bush's socialist takeover of private industry, the economy was still in free fall. It wasn't until after Obama's stimulus package did the economy stop sliding and begin to grow again. In addition, Hughes' comment about bank money being repaid fails to mention that it was President Obama that forced the banks hands at repaying tax payer money. In order to pay their executives huge bonuses Obama forced the largest repayment with Bank of America. The money is being repaid because of the president and not because of TARP.
And finally, TARP is but one part of a huge socialist agenda put in place by the GOP. Months before TARP became a reality, Bush had already socialized Bear Stearns, Fannie Mae, Freddie Mac, AIG and Citigroup to name a few. No president in history has ever assumed so much control over the free market or redistributed more wealth. These are simple facts. So if you are going to claim their success, then you don't get to tiptoe around the true nature of what happened and what it all really amounts to.
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