Seotember 2008 TARP never should have been passed

[Politics_Guy25]

Instead of this massive scandal engulfing Washington and threatening everything that we worked so hard last year for, the democrats should have done nothing when Paulson/Bush went grovelling back in September. What we should have done is begun the economic relief efforts after President Obama's election with the wonderful stimulus package. The stimulus could have included a toxic asset relief provision. It also would have been done without the criminal footrprints of the most corrupt and incompetent. administration in history all over it.

The stock market went down to 6,000 points anyway even with TARP. If we had just waited for President Obama to take power and ignored Bush's pleas, we (dems) wouldn't be in "disarray" as Politico so aptly puts it tonight and we'd probably have a better total economic recovery package as well. One WE wrote.

[Uzybone]

1. Hindsight is 20-20, but there were many who were against it at the time

I have now come to agree with them.

[Politics_Guy25]

2. So true hindsight is 20/20

Also I forgot to add that FDR let Hoover twist in the wind. 44 should have let 43 twist in the wind as well.

[MarjorieG]

3. Finances so global now, hard to play chicken with this.

[bluestateguy]

4. It could have been done the right way. It was not.

We'll never know what would have happened if we had done nothing because we don't live in a counter factual hypothetical world.

[Dappleganger]

5. TARP was shoved up our asses

like giant cure-all pill by the rethugs and Bush who cried that if we didn't our country would fall apart.

I knew it was BS--wrote and called every representative and senator down here in FL to tell them to vote against it, too. I was so pissed when it did because I knew once that money was released we could all kiss it goodbye.

Did anyone see Dan Rather's interview of the chairmwoman of the TARP oversight committee recently? She expresses the same exasperation...not enough thought put into the implementation, not enough accountability, too much power given to Paulson who is drunk w/power because he's got discretionary funding.

It is sick, sick, sick.

[global1]

6. It Was A Lose-Lose Situation For The Dems......

if things went south with TARP - what would have happened without TARP - and who would then have to shoulder all the blame?