Troubled Asset Relief Program (TARP)--the stimulus or bank bailouts started in the fall of 2008.
I've read several Q&A in recent weeks where people refer to it as 'Obama's stimulus'. You do realize it was actually BUSH's stimulus plan, don't you? I respect that we all have different opinions about how politicians are doing, but seeing that people think this over and over has been getting on my nerves a bit. I'm not really asking if you agree or disagree with it (but share your views if you care to). I don't like that it was done, but I'm not sure what else they could do after deregulating banks more and more and giving them so much power--which got us in this mess. IMO Whether you agree or disagree with the stimulus, you should know who STARTED it. IMO
More Americans Incorrectly Think Obama, Not Bush, Enacted Bank Bailouts, Poll Shows
Answer by NotPanicking at 11:29 PM on Nov. 2, 2010
Answer by NotPanicking at 11:59 PM on Nov. 2, 2010
Answer by grlygrlz2 at 12:28 AM on Nov. 3, 2010
Answer by gammie at 11:35 PM on Nov. 2, 2010
Answer by QuinnMae at 11:35 PM on Nov. 2, 2010
Answer by grlygrlz2 at 12:30 AM on Nov. 3, 2010
Bush had more than one attempt at 'stimulus'... All were failures, IMO... It is NOT the job of Government to provide stimulus. Answer by grlygrlz2
Agreed! Bush's attempts at stimulus WERE failures, yet Democrats continue down the same path expecting different results. And here we are, several 'stimulus' packages later with the same failed results. You would think they would learn.
Answer by QuinnMae at 1:02 AM on Nov. 3, 2010
Answer by grlygrlz2 at 1:30 AM on Nov. 3, 2010
On December 19, 2008, President Bush used his executive authority to declare that TARP funds may be spent on any program that Secretary of Treasury, Henry Paulson, deems necessary to avert the financial crisis. This has allowed President Bush to extend the use of TARP funds to support the auto industry,
During 2008, companies that received $295 billion in bailout money had spent $114 million on lobbying and campaign contributions. Banks that received bailout money had compensated their top executives nearly $1.6 billion in 2007
October 1, 2008, 34 Senate Republicans voted for H.R. 1424, the new vehicle for the act, and on October 3, 2008, 91 House Republicans voted for that bill. President Bush, a Republican, subsequently signed it into law
Answer by sweet-a-kins at 9:03 AM on Nov. 3, 2010
Just because Republicans signed it doesn't mean we all subscribe to the same thought process. I thought it was a stupid move then and I still do. I just prolonged the inevitable. And so has every 'stimulus' bill we have had. It just doesn't work.
Answer by QuinnMae at 9:36 AM on Nov. 3, 2010
Next question overall
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