TARP, enacted by the Bush Admin, is cheaper than it expected. It's actually more successful than originally thought. Major banks paid back.
It's funny that tea party people think TARP is Obama's socialist grip on bailed out companies but it was Bush, not Obama.
"Socialist" programs can work. And it did.
"Originally expected to cost the U.S. Government $356 billion, the most recent estimates of the cost, as of September 30, 2010, is down to at most $50 billion. This is significantly less than the taxpayers' cost of the Savings and loan crisis of the late 1980s. The cost of that crisis amounted to 3.2% of GDP during the Reagan/Bush era, while the GDP percentage of the current crisis' cost is estimated at less than 1%."
Troubled Asset Relief Program - Wikipedia, the free encyclopedia
Lses than 1% and tea partiers are screaming socialism! LOL!
Let me remind how WRONG conservatives were.
"Free Markets, Socialism & The Bailout (Why TARP is doomed to fail)"
Free Markets, Socialism & The Bailout (Why TARP is doomed to fail)
Doomed to fail? LOL!
Seriously, tea partiers are SO cognitively dissonant to all the facts.
It's funny that tea party people think TARP is Obama's socialist grip on bailed out companies but it was Bush, not Obama.
"Socialist" programs can work. And it did.
"Originally expected to cost the U.S. Government $356 billion, the most recent estimates of the cost, as of September 30, 2010, is down to at most $50 billion. This is significantly less than the taxpayers' cost of the Savings and loan crisis of the late 1980s. The cost of that crisis amounted to 3.2% of GDP during the Reagan/Bush era, while the GDP percentage of the current crisis' cost is estimated at less than 1%."
Troubled Asset Relief Program - Wikipedia, the free encyclopedia
Lses than 1% and tea partiers are screaming socialism! LOL!
Let me remind how WRONG conservatives were.
"Free Markets, Socialism & The Bailout (Why TARP is doomed to fail)"
Free Markets, Socialism & The Bailout (Why TARP is doomed to fail)
Doomed to fail? LOL!
Seriously, tea partiers are SO cognitively dissonant to all the facts.
