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BTW conservative, TARP isn't military spending. Was that another Squirrel moment?
find the post that claimed it was?
BTW conservative, TARP isn't military spending. Was that another Squirrel moment?
You said TARP was OK. I noted it. Nothing more.
You apparently were blind then and blind now. You see what you wanted to see including now. TARP kept us from a depression as economists claim, not the Stimulus for we were out of recession before much of the stimulus was spent, so how do you explain it? You continue to buy the rhetoric and ignore the substance.
I guess when I said that I didn't support TARP you did what you always do, make things up
Right here. The one I responded to. I'll highligh the words for you.
I didn't support TARP
That was later, and somewhat confussing. You praise it, but say you don't support it. Doesn't ring true or logical.
You said TARP was OK. I noted it. Nothing more.
I didn't support TARP but the Great Depression was caused by the failure of the banks and TARP bailed out the banks preventing failure or so we were told.
You are misrepresenting what was said and, I believe, deliberately so.
Conservative said
What he said should be obvious. You have no excuse.
I gave up a long time ago trying to use logic with you however most with the ability to read, comprehend, and think understand logic, common sense, and facts.
All I can say is you're not addressing what I said. :shrug:
You are correct, the S&L crisis wasn't close to this one, but they both revolve around deregulation, so that's the similarity. Republicans/conservatives hate regulations.I didn't support TARP but the Great Depression was caused by the failure of the banks and TARP bailed out the banks preventing failure or so we were told. Either way it was a Bush program not an Obama program. I would have let them fail but regardless those were loans and most of them have been repaid. Using the Savings and Loan crisis was no where near the magnitude of the TARP bailouts.
You apparently were blind then and blind now. You see what you wanted to see including now. TARP kept us from a depression as economists claim, not the Stimulus for we were out of recession before much of the stimulus was spent, so how do you explain it? You continue to buy the rhetoric and ignore the substance.
You are correct, the S&L crisis wasn't close to this one, but they both revolve around deregulation, so that's the similarity. Republicans/conservatives hate regulations.
It seems unambiguous to me, you agree with the economists claim, but not the stimulus.
You apparently were blind then and blind now. You see what you wanted to see including now. TARP kept us from a depression as economists claim, not the Stimulus for we were out of recession before much of the stimulus was spent, so how do you explain it? You continue to buy the rhetoric and ignore the substance.
TARP was nothing but an excercise of covering your ass. One can not pick and choose which rhetoric one buys is wrong and which is not.
I didn't support TARP but the Great Depression was caused by the failure of the banks and TARP bailed out the banks preventing failure or so we were told.
Either way it was a Bush program not an Obama program. I would have let them fail but regardless those were loans and most of them have been repaid. Using the Savings and Loan crisis was no where near the magnitude of the TARP bailouts.
You are correct, the S&L crisis wasn't close to this one, but they both revolve around deregulation, so that's the similarity. Republicans/conservatives hate regulations.
My post wasn't clear, economists claimed that TARP saved us from the depression because it bailed out the banks. I do not buy that argument nor did I support TARP. Some of the banks didn't even want the loans but were forced into them. in a free enterprise economy failure is an option
Why wouldn't you support that?
Now you are buying into the B.S. in believing it's ben repaid..... Banks were billions in the hole. We gave them billions more. They were some how able to unbury themselves out of this billions of bad debt and also make enough to pay back the billions we gave them? No ****ing way.
No, we placed the combined who knows how many billions of bad debt onto the books of Fannie Mae and are expecting the tax payers to pay it off. I've seen a few rumblings about placing this money back onto the backs of the banks and I certainly hope I do, but I'm not going to hold my breath.
NO, it has not been paid back.
Tell you what buster, the experts say that Obama has to add about 250,000 jobs a month to catch up. So basically he is totally ****ed. Now you know a policy that will change all this around that's on the Democrat agenda? I doubt you do, but go ahead and take a shot at it.Right, and why was it such a bad month? Could it be in large part because the stock markets took a dive as a result of the Republicans' idiotic debt ceiling stunt? Does it surprise you that companies were more hesitant to hire after seeing $4 trillion erased from their books in a single week? You mean dumbass Republican games DO have real world consequences? Shocked!!
I don't support it because I believe in consequences for failure. All the govt. did was reward bad behavior.
yes, I buy it because it is accounted for. Most of the major banks have repaid, the problem is with Fannie and Freddie along with AIG.
TARP Repayments Surpass Loans - WSJ.com
No, the problem loans were placed onto Fannie's books. This is how the banks were able to get out of their hole. That's not letting Fannie off the hook but TARP is going to cost us an incredible amount of money. The money Chrysler lost was a part of TARP also.
The astounding irony of that aside, maybe for the same reason results didn't matter to you when you voted to give Bush 4 more years.Just wondered, why is it that results don't matter to you?