TARP Still Successful

You would never know it but the highly scorned Bush TARP program has been widely successful. Despite Republican efforts to assign TARP spending onto President Obama, and trust me I really wish Obama could take credit for this but it is entirely a Bush-era program (actually the only successful Bush-era policy).

As WSJ reports:

Six banks repaid nearly half a billion dollars in funds they received from the government bailout of Wall Street, the Treasury Department said, bringing the total bank repayment under the Troubled Asset Relief Program to 99%.

Banks have repaid 99% of what was lent to them.  That's way more than I ever thought would be recovered.  And as Think Progress notes, "TARP program is ultimately expected to “provide a lifetime profit of nearly $20 billion to taxpayers.”  Far and away, the most successful Bush policy.  Republicans should embrace it and do a little bragging.

*Update:

Seems like yesterday that perma-tan John Boehner was crying on the House Floor begging his colleagues to vote for TARP.


Guess what Johnny Boy? You were right. You saved America.