The Party of TARP Gets Its Kickback

Despite public opinion, TARP is GOP policy. It was proposed to congress by the Bush administration. Championed by GOP leaders, voted into law with broad Republican support and signed by Republican George Bush.  Through and through it is Republican policy and would not have been possible without the backing of a two-term Republican president.  Spin it however you like, but you are only trying to rewrite history if you figure it any other way.

TARP, however, has been extremely successful.  It is actually the most successful Bush policy of his two-terms.  With that success comes the returns, and by returns I mean the financial industry is returning the favor back to the politicians in the form of campaign donations.  Naturally, the political party responsible for the $700 billion bailout reaps the the largest returns.  And of course that is the GOP.  Yes, the party that is now wanting everyone to forget that they are responsible for TARP; that is freely getting to pretend that it is the champion of small government conservatism; and is trying its hardest to blame on Obama, is actually receiving the bulk of campaign cash from companies that benefited the most from the Republican bailout in 2008.  No conflict of interest I'm sure.