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Obama's Bailout
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To
05/07/2011 02:16:59
General information
Forum:
Politics
Category:
Other
Title:
Miscellaneous
Thread ID:
01517266
Message ID:
01517287
Views:
50
>>>They always release the worst news on a Friday of a holiday weekend....
>>>
>>>http://www.weeklystandard.com/blogs/obama-s-economists-stimulus-has-cost-278000-job_576014.html
>>It wasn't a bailout, it was a stimulus package. The so-called bailout was Bush's. And BTW, I supported it because we were on the verge of a global financial meltdown.
>>
>>No, it hasn't done much good. Some economists say that's because it didn't go far enough. It went as far as his determined opposition would let it go.
>
>Both Bush and Obama did the same when it comes to financial crises - a mistake.
>
>But is never to late make it right ; )
>http://www.rollingstone.com/politics/news/the-people-vs-goldman-sachs-20110511

We are in agreement that what Goldman Sachs and their ilk have done is far worse than what any politician has done. I don't expect to see them convicted or imprisoned, though.

We don't really know whether the reactions of Bush and Obama to the Great Recession were mistakes. We don't know what would have happened if they had done nothing.
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