TARP

My opinion is that TARP likely saved the country from a depression.

Passed under George W. Bush with Dem support. We should thank him or at least acknowledge what he did.

I am a Dem but I am just saying that he deserves some credit.
History will show it was the right thing to do even though on principal I disagree with what was done. However the take over of several of the companies by bypassing 50 or more years of Black letter Bankruptcy law was and is worong. No matter the situtation, companies live companies die. Competition should determine that not the government.
john_galt's Avatar
I thought GB drove the bus into the ditch? Someone has told me that repeatedly.

Okay, you've made a statement now provide some kind of evidence.
dirty dog's Avatar
I thought GB drove the bus into the ditch? Someone has told me that repeatedly.

Okay, you've made a statement now provide some kind of evidence. Originally Posted by john_galt

:rm _moon::rm_mo on: :rm _moon::rm_mo on: :rm _moon::rm_mo on: :rm _moon::rm_mo on: :rm _moon::rm_mo on: :rm _moon::rm_mo on: :rm _moon::rm_mo on:
Cheaper2buyit's Avatar
john your a dick head thats all the links & proof I can give
dirty dog's Avatar
Tarp, yeah I got a couple, I use them to cover the boats during the winter.
john_galt's Avatar
Perfectly reasonable request that is opposed with insults. The question still stands whether you comprehend it or not. If someone thinks that something did something then there MUST be a reason why he believes that. It may be as asinine as "Barack said it and I believe it." So let me hear your reason (s).
dirty dog's Avatar
Perfectly reasonable request that is opposed with insults. The question still stands whether you comprehend it or not. If someone thinks that something did something then there MUST be a reason why he believes that. It may be as asinine as "Barack said it and I believe it." So let me hear your reason (s). Originally Posted by john_galt
Are you seriously questioning whether tarp was started by Bush, really, really your questioning this. It was signed into law by George W. Bush on Oct 3, 2008 it is called the Emergency Economic Stabilization Act of 2008 and created TARP.

www.hewittassociates.com/Lib/.../AssetRetrieval.aspx?
www.chadbourne.com/clientalerts/2008/eesa/
www.fredlaw.com/articles/.../bank_0810_klg_klk.html
http://thomas.loc.gov/cgi-bin/bdquer...4:@@@L&summ2=m
BigWayne's Avatar
I might be wrong, but I think he was asking for some supporting evidence of the original statement that TARP prevented a depression (assuming a depression has actually been avoided).

Speaking for myself, I think it's way too soon to make such claim. History will tell, but it will probably be several years before there is any concrete evidence one way or the other.
john_galt's Avatar
Big Wayne wins the prize for seeing the obvious. Too bad about the rest of you...
Too bad your dad didn't Galt down his leg.
dirty dog's Avatar
Too bad your dad didn't Galt down his leg. Originally Posted by catnipdipper
He did, but the dog licked it up and the redeposited it
dirty dog's Avatar
I might be wrong, but I think he was asking for some supporting evidence of the original statement that TARP prevented a depression (assuming a depression has actually been avoided).

Speaking for myself, I think it's way too soon to make such claim. History will tell, but it will probably be several years before there is any concrete evidence one way or the other. Originally Posted by BigWayne
Well with Galts history of support for GW and all things GOP it was assumed he would agree with the thought. But either way its an opportunity to salute him, so Galt here is to you ... ..
john_galt's Avatar
DD, I haven't been on this site long enough for you to know about my objections to Bush over amnesty, TARP, the bailout, and his Supreme Court nominee Miers so I will forgive your really bad case of rectal-cranial inversion. But really, shouldn't you know what you are talking about before you post? Are you following in the footsteps of the great and impotent Obama and just throwing out accusations without proof?

FYI, I'm not a republican...I'm an American conservative in the mold of Jefferson, Franklin, and Madison.
Well I know 3 dead Patriots spinning in their graves from your alleged association.

Frankly you might be incomparable and that is a relief to me!