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Thread: AIG exit plan to slash U.S. bailout costs-official

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    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by Objective Voice View Post
    The mere fact that TARP was enacted by GW Bush kills that argument right there. I'll give you the stimulus spending was all Obama,
    You must be ignoring the fact that the first stimulus was in spring of '08 when Bush was still president.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: AIG exit plan to slash U.S. bailout costs-official

    Bush signs stimulus package - Feb. 11, 2008

    Why does everyone forget about this?
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by Gibberish View Post
    CORRECTED - UPDATE 1-AIG exit plan to slash U.S. bailout costs-official | Reuters

    The bailout's started by Bush and taken even further by Obama were a horrible idea and to me this maybe a lucky break for Obama.

    Mr President, I'd prefer you to NOT use my tax dollars at the craps table. Just because you may have come back positive this time doesn't negate the fact that you chose to participate in reckless gambling.
    I agree that the bailout was a horrible idea. It also shows what kind of a double standard we have in this country. If you or I screw up in life, we are screwed. If a bankster does it, he is rewarded with a loan and a bonus.
    The ghost of Jack Kevorkian for President's Physician: 2016

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    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by danarhea View Post
    I agree that the bailout was a horrible idea. It also shows what kind of a double standard we have in this country. If you or I screw up in life, we are screwed. If a bankster does it, he is rewarded with a loan and a bonus.
    Bankers own our government.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by USA-1 View Post
    Bankers own our government.
    They are like out of control children, who break the toys they own, and then throw tantrums until they get more toys they can break.
    The ghost of Jack Kevorkian for President's Physician: 2016

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    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by USA-1 View Post
    Bush signs stimulus package - Feb. 11, 2008

    Why does everyone forget about this?
    People haven't forgotten about it.

    It's the reason why Bush went down in the polls and why the Tea Party was formed.

    It's not a matter of Democrats versus Republicans, it's a matter of fiscal conservatives versus big spenders.

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    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by USA-1 View Post
    No one knows what would have happened without the bailouts or the stimulus even though they claim to. Bernanke and the top economic minds in the country said we would have gone into a depression worse than the Great One without the spending. They just might have saved our country. No one knows.
    It seems that no one is saying that we were just lucky that we didn't have a major depression even though we had the bailouts. The choices were a) no bailout and we go into a major depression, b) no bailout and we don't go into a major depression, and c) bailout and we know that we will be able to avoid a major depression. Given these choices, I think that there is only one choice -- do the bailout. There is no case were the bailout causes us to enter a depression but there is a possibility that not doing the bailout will put us into a depressions. Looking back and saying "who knows" both completely misses the point and is the point -- who knows. Because we could not say that we would stay out of a depression worse than the big one without the bailout, the bailout becomes an absolute imperative. Second guessing this decision is easy. If you had been the person having to make this call and risk the global economy, there is only one choice -- bail them out and then go after them. The Republicans seem only to have embraced part of this. They voted for the bailout (started under Bush) but seem to have little stomach for trying to make sure that those Wall St. bastards aren't able do to this to us again.

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    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by Grant View Post
    People haven't forgotten about it.

    It's the reason why Bush went down in the polls and why the Tea Party was formed.

    It's not a matter of Democrats versus Republicans, it's a matter of fiscal conservatives versus big spenders.
    As far as I can see, all the Tea Party folks want to do is cut the spending that helps anyone other than them. Go ask one of those gray-haired TPers if they want to see their Medicare or SS cut and they will say something inane like "the government needs to leave my Medicare and SS alone" as if those aren't government programs (honest, I've seen them do this with my own eyes).

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    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by Grant View Post
    People haven't forgotten about it.

    It's the reason why Bush went down in the polls and why the Tea Party was formed.

    It's not a matter of Democrats versus Republicans, it's a matter of fiscal conservatives versus big spenders.
    Ahhh revisionist history at its finest.. Bush was already in the toilet in the polls... and yet defended by the right.. go figure!
    PeteEU

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    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by Grant View Post
    People haven't forgotten about it.

    It's the reason why Bush went down in the polls and why the Tea Party was formed.

    It's not a matter of Democrats versus Republicans, it's a matter of fiscal conservatives versus big spenders.
    His approval was down way before 2008.


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