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  •  TARP (1+ / 0-)
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    vc2

    Agree re: TARP.  If they had ignored the problem, the market would be completely out of control right now.  Of course, we will never know for sure because we can't prove the negative.  But I believe it would be much, much worse.  Obama said today (yesterday?) that things were worse than he thought when he was running.  I think they are much worse than we are being told and that we are seriously screwed.

    That said, the way TARP was implemented was just ridiculous.  People should be pissed.

    Meet me in Cognito, baby

    by out grrl on Thu Feb 05, 2009 at 07:36:04 AM PST

    [ Parent ]

    •  yep (0+ / 0-)

      actually when you think about it, the proof of how important TARP was is that Bush pushed for it.  It really did go against every thing he believed economically and ideologically, there was clearly a serious emergency that was going to get far worse.  I saw his pushing of TARP as analagous to cheney doing a 180 on "enhanced interrogation techniques".  Unthinkable unless something forced him.

      Many blame geithner, but he was not in control and imo the fact he was part of the decision making probably made TARP at least have a chance to stabilize than let the market spiral.  Unfortunately he was unable to force bushco or Paulsen to give it oversight teeth and yes ppl should be pissed.  I just think that Geithner is not in any way responsible for that part

      Powell on palin: I don't believe she's ready to be president of the United States, which is the job of the vice president.

      by vc2 on Thu Feb 05, 2009 at 08:11:03 AM PST

      [ Parent ]

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