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Reply #8: I said at the time the bailouts were vitally necessary [View All]

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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-07-10 07:12 PM
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8. I said at the time the bailouts were vitally necessary
but they should have had strings attached the size of suspension bridge cables, which they didn't. While Obama added some strings to the second half of the TARP money, they weren't adequate to prevent the thing happening again and certainly not adequate to prevent executive embezzlement of taxpayer money in the form of bonuses.

While things have managed to stabilize, it's at the cost of unacceptable levels of unemployment and misery throughout all sectors of the working population. Corporations are still getting tax breaks to throw Americans out of work in favor of people in the third world.

Obviously, much remains to be done and I won't feel any optimism until we at least make a start at doing it.

However, if you think the GOP shrieked over a health plan only a GOP could possibly love, wait until their most sacred cow, Wall Street, comes under the most tepid of regulations.
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