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Thread: 2nd Depression was Averted Due to Bailouts:Study

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  1. #1
    Havakasha is offline
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    2nd Depression was Averted Due to Bailouts:Study

    Well what do all those who opposed the bailouts say about this?

    http://www.cnbc.com/id/38443309

  2. #2
    SiriuslyLong is offline
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    Quote Originally Posted by Havakasha View Post
    Well what do all those who opposed the bailouts say about this?

    http://www.cnbc.com/id/38443309
    Wow - They sure did give a lot of praise for TARP which was a Bush program. I'm surprised you posted the article. In fact, if I read it correctly, they said TARP had more impact than ARRA (the sign making program).

  3. #3
    Havakasha is offline
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    WOW. I always love when you simpligy the facts S&L.
    So were you for TARP? You know that big govt bailout?
    I supported it.
    How many Democrats supported it and voted for it? Did Obama?
    How many Republicans?

    "in a new paper, the econmists argue that without the wall street bailout, the bank stress tests, the emergency lending and asset purchases by the federal reserve, and the Obama administrations fiscal stimulus program, the nations
    gross domestic product would be about 6.5% lower this year.

    I assume you oppose all those measures because they were govt programs.
    LMFAO.

    " in additon there would be about 8.5 million fewer jobs, on top of the more than 8 million already lost, and the economy would be experiencing deflation, instead of low inflation."

    WOW!
    Last edited by Havakasha; 08-01-2010 at 01:01 AM.

  4. #4
    SiriuslyLong is offline
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    Quote Originally Posted by Havakasha View Post
    WOW. I always love when you simpligy the facts S&L.
    So were you for TARP? You know that big govt bailout?
    I supported it.
    How many Democrats supported it and voted for it? Did Obama?
    How many Republicans?

    "in a new paper, the econmists argue that without the wall street bailout, the bank stress tests, the emergency lending and asset purchases by the federal reserve, and the Obama administrations fiscal stimulus program, the nations
    gross domestic product would be about 6.5% lower this year.

    I assume you oppose all those measures because they were govt programs.
    LMFAO.

    " in additon there would be about 8.5 million fewer jobs, on top of the more than 8 million already lost, and the economy would be experiencing deflation, instead of low inflation."

    WOW!
    LMFAO - no, I didn't like TARP, but when YOU persistantly bash Bush and ask what he did................................ I'm simply citing this for you.

  5. #5
    Havakasha is offline
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    Paulson convinced Bush he had no choice but to do Tarp or otherwise face the
    collapse of the entire financial system.
    But you admit more Democrats voted for Tarp than Republicans and that it helped to right the economy? If we had followed your's and mcCain's ideas we would probably be at least 20% unemployment.

    I mean you did read the quote above about what saved our economy from total collapse right?

  6. #6
    SiriuslyLong is offline
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    Quote Originally Posted by Havakasha View Post
    Paulson convinced Bush he had no choice but to do Tarp or otherwise face the
    collapse of the entire financial system.
    But you admit more Democrats voted for Tarp than Republicans and that it helped to right the economy? If we had followed your's and mcCain's ideas we would probably be at least 20% unemployment.

    I mean you did read the quote above about what saved our economy from total collapse right?
    Me and McCain? Listen, when it's late at night, go to bed. It will keep you from silliness.

    Yes, I recall that many republicans were against TARP, and as I have said, I was too (in fact, I e-mailed John Bohner sp? thanking him for his position). Principally, it pissed me off. But after learning about what happened, Wall Street is only half the problem. The other half is government. I posted a WSJ article hints at this. Take a look.

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