Quote:
Originally Posted by Jill
And although President Obama had to continue the Republican bailout programs, unfortunately to a greater degree, as more and more devastation to our economy was exposed, it was an absolute necessity to avoid a massive Depression. If John McCain had been elected, he would have been forced to do the exact same thing, and make no mistake, he absolutely would have.
|
I can't agree. Look what we got for our money. How many jobs were created? At what cost? Many went to pet projects for the Dem majority. Look at the millions spent and the product we got from them.
http://stimuluswatch.org/2.0/
Pelosi, Reid, and Obama rammed programs through without being to explain their costs to the people, and when they did so, they used smoke and mirrors. They controlled congress for 4 years and the spending has gone up astronomically. They bailed out Goldman, gave out the bonus money to the top execs and then Obama hired a bunch of them into the government. Fannie and Freddy were pushed by the dems and pressure came down for them to make more and more loans. But I would agree that no one party is to blame for the housing mess. They should have taken all that money and just paid off the banks for the bad loans, then re-vamped the whole thing. Obama forced large banks to take bail outs they did not want or need, why? So they could impose greater regulations on them. And then when they tried to pay back the money the administration refused it. Why? because they want control. Obama and this administration are not to be trusted any more than people didn't and shouldn't have trusted what went on when Bush was in office. There is enough duplicity to go around when you attack one party over the other. And don't get me wrong, I don't give Bush a pass...