I wish Bush said that BEFORE the election. It shows how clueless so many people are. He made it clear that depression occurred on his watch, not Obama.
"If you are the pres you don't have time to gamble and I didn't like using taxpayers money to bail out the people who got us in trouble. I didn't like it at all. But when you are president you are faced with stark choices and I couldn't have lived with myself had the country gone into a deep depression," Bush said, during a radio interview with conservative host Rush Limbaugh. "People's lives would have been affected, people thrown out of work. There are a lot of people not in work today and all of us are concerned about that. But the situation could have been a lot worse.""
Would he do it again? "Yeah, I would've," he said.
A good chunk of the country, it's now known, mistakenly believes that Obama was the one who initiated the TARP in part because it fits in a common, preconceived narrative that government intervention into the economy is Democratic philosophy. Bush was asked about the misconception during a sit down interview with NBC's Matt Lauer and, as with Limbaugh, was upfront about the reality.
"Fifty percent of the people were wrong 'cause it happened on my watch," he said.
"They do hate it. I can understand that," Bush told Lauer. "Look, the idea of spending taxpayers' money to give to Wall Street and the banks to save them... a lot of people think they created the crisis in the first place and so I can understand the angst. But in my case, I wasn't worried about angst, personal angst or contradiction. I was worried about the economy goin' down. And I believe TARP saved the economy."
Bush On TARP: I Couldn't Have Lived With Myself If Country Suffered Second Depression
That, I gotta give credit to him for being truthful!
"If you are the pres you don't have time to gamble and I didn't like using taxpayers money to bail out the people who got us in trouble. I didn't like it at all. But when you are president you are faced with stark choices and I couldn't have lived with myself had the country gone into a deep depression," Bush said, during a radio interview with conservative host Rush Limbaugh. "People's lives would have been affected, people thrown out of work. There are a lot of people not in work today and all of us are concerned about that. But the situation could have been a lot worse.""
Would he do it again? "Yeah, I would've," he said.
A good chunk of the country, it's now known, mistakenly believes that Obama was the one who initiated the TARP in part because it fits in a common, preconceived narrative that government intervention into the economy is Democratic philosophy. Bush was asked about the misconception during a sit down interview with NBC's Matt Lauer and, as with Limbaugh, was upfront about the reality.
"Fifty percent of the people were wrong 'cause it happened on my watch," he said.
"They do hate it. I can understand that," Bush told Lauer. "Look, the idea of spending taxpayers' money to give to Wall Street and the banks to save them... a lot of people think they created the crisis in the first place and so I can understand the angst. But in my case, I wasn't worried about angst, personal angst or contradiction. I was worried about the economy goin' down. And I believe TARP saved the economy."
Bush On TARP: I Couldn't Have Lived With Myself If Country Suffered Second Depression
That, I gotta give credit to him for being truthful!
