Remember this? Back when Obama was making speeches that TARP was turning a profit and Obots were posting from politifact?
http://www.lpsg.org/2177608-post36.html
Well the proof is in the pudding:
TARP: Taxpayers on the hook for $200 billion
Obama requested his half of TARP be ready on day one and continued the Bush Administration TARP plan...defending the Obama Administration plan to continue it on June 9th, 2009.
The country is in financial crisis. We cannot afford Obama and the Democrat's plans that simply do not make sense. Nothing has worked as Obama said it would:
http://www.lpsg.org/2177608-post36.html
Well the proof is in the pudding:
TARP: Taxpayers on the hook for $200 billion
But there are others who argue that the billions of dollars that taxpayers shelled out simply delayed an inevitable epic collapse of the financial sector.
A year ago, when the financial markets were in turmoil, the Bush administration and supporters in Congress said TARP would be used to buy banks' troubled assets, and would be an investment -- it could even turn a profit.
But TARP, which celebrates its first birthday on Oct. 3, has been used for many programs it was not initially intended for, like saving AIG, automakers and helping struggling homeowners.
Obama requested his half of TARP be ready on day one and continued the Bush Administration TARP plan...defending the Obama Administration plan to continue it on June 9th, 2009.
The country is in financial crisis. We cannot afford Obama and the Democrat's plans that simply do not make sense. Nothing has worked as Obama said it would:
- Obama said if we passed the Stimulus unemployment would not go over 8%. Wrong
- Obama said TARP was turning a profit. Wrong.
- Obama said that the American Auto Industry would not go bankrupt and would be stronger than ever. Wrong.
- Obama said that the Stimulus Plan would create jobs. Wrong.