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Originally Posted by Vendzilla
800 billion dollar stimulus package for shovel ready jobs ring a bell?
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Guess you forgot about the Bush bailouts...
Here I will remind you...
Bush bailed the banks out as he enacted the TARP program.. Just like always the can was kicked to the next president..
Quote:
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The TARP program was created in 2008 to stabilize the financial system. The Treasury Department has committed more than $500 billion to more than 800 firms through the program. While Mr. Obama did not enact TARP, his administration has largely been responsible for administering it.
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Since we are using CBS..
http://www.cbsnews.com/news/more-ame...ts-poll-shows/
Funny how you guys seem to forget that little fact.. Just like you forget the first year of a newly elected president uses the already approved budget of the last. ie first year debts are from the president whom last sat in office,,,
Then of course even more bailouts from Bush.. Yes the auto industry as well.
Quote:
?I didn?t want there to be 21 percent unemployment,? Bush told the 22,000 attendees. ?Sometimes circumstances get in the way of philosophy.?
?I said, ?No depression.??
In his memoir he said the move was ?the only option? to avert immediate bankruptcy of Chrysler and GM and the loss of a million jobs and $150 billion in tax revenues.
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http://www.washingtonpost.com/blogs/...DPBR_blog.html
I know, I know.. Just stick your head in the sand Vend as surely your head will explode if you had to admit the truth..