quote: It went into effect October 3, 2008; Obama assumed Office January 20, 2009, nearly four months afterward. By then a good portion of the money was "lent". Obama is just trying to play ball with the Republicans and instead he gets shafted.
quote: Only $298B of TARP I was spent by the time Obama got his hands on it. Thats less than half. And nearly all of the money under Bush's TARP I plan has been repaid. "Lent" and repaid, check.
quote: TARP 1 was designed to increase lending
quote: By the time TARP was actually passed, the market didnt even think it would work.
quote: TARP I's sole purpose was to rescue the financial market. Lending was not even on the radar yet.
quote: You mean you didn't think it would work, but it did so get over it.
quote: Really? So why is it when it was announced the stock market rebounded, in which the bill ended up not being passed. When the bill was finally passed the stock market failed to rebound in the same way, that's not my opinion that's the financial markets opinion.
quote: .. and what exactly do you think was the purpose of pumping billions back into financial institutions?
quote: bank in California that was ceased by Feds
quote: The whole and entire purpose of TARP was the stop the imminent collapse of the dollar
quote: ONLY $300B of TARP was spent in three months?
quote: Programs like that are supposed to last years and it was in danger of being spent in less than one year.
quote: The list goes on, but at less than 10% business bailouts were not a significant part of the stimulus.
quote: For crying out loud, this is a plan for 300+M people, it's not going to show positive results over night.
quote: That won't be cheap, but if it's capable of reclaiming money the way Obama says it should then the ESTIMATES of the plan's costs may be justified in a few years.
quote: Another 50,000 jobs lost.
quote: Yeah, only... I mean we are talking Trillions under BO. Whats Billions these days anyway?
quote: What stimulus? GW saved the financial institutions. It was never intended to be stimulus. You are mixing your presidents here.
quote: It didn't take this long after WWII for things to show positive influence.
quote: I mean we just made it through what is usually the most product quarter of the year for almost every company and what did we get... Another 50,000 jobs lost.
quote: What does he know! He was a teacher of the constitution, not business theory. And what if he's wrong? Have you contemplated that? With the national debt at nearly 100% of GDP, there are no second chances!!!!!