Reflections on two disasters - Which hurt America worse? 9/11 or TARP?

[banned from Kos]

Including their aftermath...

9/11 was costly and cost us a misguided war and some of our civil liberties.

TARP tore into our fabric and brought us distrust, hatred, the Tea Party and OWS in response. Bush was a miserable failure who led to each permanent loss of trust.

But which hurt us the most?

[ZombieHorde]

1. 9/11 hurt the most. nt

[marmar]

2. OWS was a blessing.

nt

[RC]

3. Our government response to 9/11

A country did NOT attack us. A group of terrorists did. That called for an international police investigation, not attacking an innocent country. That set the stage for what happened over the next 10 years and counting.

[banned from Kos]

5. Logical for sure. But we gained community for a brief time after 9/11

until Bush screwed it up.

I don't think we can get over TARP for many more years.

[msongs]

4. 9/11 - the wars based on lies, the cost of those wars, and loss of goodwill to the USA worldwide nt

[valerief]

6. Weren't they part of the same coup d'etat? nt

[Huey P. Long]

7. This is a very good answer. -eom

[malthaussen]

8. Is a financial disaster worse than a constitutional one?

9/11 opened the door to the permanent state of emergency and the undermining of civil liberties. The effects are more insidious, but represent a true transformation in what this country stands for.

-- Mal

[baldguy]

9. TARP isn't a disease so much as it's a minor symptom.

Like having shortness of breath during a heart attack. The disease that caused it is having Republicans in the fed govt.

[suston96]

10. Who says TARP was a disaster?

http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

"Of these banks, JPMorgan Chase & Co., Morgan Stanley, American Express Co., Goldman Sachs Group Inc., U.S. Bancorp, Capital One Financial Corp., Bank of New York Mellon Corp., State Street Corp., BB&T Corp, Wells Fargo & Co. and Bank of America repaid TARP money. Most banks repaid TARP funds using capital raised from the issuance of equity securities and debt not guaranteed by the federal government. PNC Financial Services, one of the few profitable banks without TARP money, planned on paying their share back by January 2011, by building up its cash reserves instead of issuing equity securities.<56> However, PNC reversed course on February 2, 2010, by issuing $3 billion in shares and $1.5-2 billion in senior notes in order to pay its TARP funds back. PNC also raised funds by selling its Global Investment Services division to crosstown rival The Bank of New York Mellon.<51>"

Any proof that TARP was a "disaster" other than right wing bullshit talking points?

[banned from Kos]

11. I don't think TARP was a disaster. It worked. But we were DAMAGED by it.

The left and right are in revolt. Blame occurs every day. Its the lack of regulations! Its the government!

To this day, DUers can't get over it!

[Name removed]

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[tblue]

13. 9/11 & aftermath, because people died

Though no doubt our financial crisis caused a lot of suffering.

[Solly Mack]

14. US reaction/response to September 11, 2001.

Give an inch, take several trillion...one can be said to have fed the other

[FarCenter]

15. 9/11 easily -- the subsequent WOT has cost over $2 trillion

TARP is on the order of $100 billion still not paid back.

[lame54]

16. 9/11 made it all possible

[grasswire]

17. the stage for both 9/11 and TARP was set by election theft 2000

And so they are results of the same attack on America: by SCOTUS decision to stop counting votes.