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Discussion in 'News / Current Events' started by MrJim, Dec 12, 2009.
The TARP plan was developed by President George HW Bush in order to avoid the contagion and financial collapse that nearly took our nation down these past 18 months. It was a quietly held program that existed to keep us out of the next Great Depression.
Seems to have worked...though I will still argue the applicaton to banks and the large bailouts were not necessary.
Now lawmakers on Capital Hill are like the kids who discovered the cookies inside the mysterious jar. They can't get enough. Hopefully we won't have another crisis anytime soon, because they've destroyed the program.
Well, if one can bribe 12% of the population with less than 5% of the bill of which they will probably pocket less than half, sounds like good deal.
On a side note...would it be ok if someone started up the "Congressional White Caucus"?
Of course not, that would be racist.
I'll agree, it is a bribe.
I'm not sure who it is you think will "pocket less than half."
The congress will figure out a way to buy votes with a vast majority of this money.
Places like Detroit will see buckets of money thrown their way.
You guys don't know what's coming down the pipes. Huge inflation and an economic collapse that will rival anything you've seen or heard about, except maybe in Germany after the Treaty of Versailles.
And yes, Bush was one of the architects.
Ah yes, the prophet of doom and gloom speaks out. Merry Xmas to you too.