Yes, under Bush. That's when the program started.TARP has been paid back. In fact, we made a profit on the money loaned to the banks. That happened back in 2011.Playing the moron isn't going to work.How much has the US debt increased since Barack Obama took office?
- I control all the money.
- I hand you a credit card with a $20,000 balance on it.
- The interest ever month is $300.
- You keep asking me to pay down that $20,000+.
- I keep saying no, I'll just make the minimum payment.
- After 7 years, because of all the accrued interest, it's now $40,000.
- I blame you, saying "When I gave you the card it only had $20K on it - it's your fault that it's now at $40K".
Now, if you cannot understand this, or you would rather just either lie or play stupid, I cannot help you.
Your "analogy" is laughably bad, Synth!
Try this one instead...
You're the Mayor of a town that just got hit by a hurricane which ripped the roof off your High School, forcing you to spend a huge amount of money to put a new roof up. Your expenses for that year were really high but what choice did you have...you had to have that roof or you would have lost the rest of the building.
A new Mayor gets elected and their first year in office they spend as much as you spent plus a little more...only they don't spend that money on a roof like you did...the new Mayor spends that money on raises for all the teachers, new uniforms for all the sports teams, and a new teacher's lounge. When it's pointed out to the Mayor that they are spending a whole lot of money on things that aren't essentials...the new Mayor smugly answers by saying that they increased spending by the smallest percentage of any Mayor in the history of the city.
The current debt got it start from the Vietnam War. Are you saying that the Vietnam war was a necessity?
Under which administration are you saying the "roof was repaired" under?
My analogy of the roof repair was about how the Bush Administration dealt with the economic crash in 2007. They put stimulus plans like TARP into play to keep major banks and industries from going belly up. In doing so they increased deficit spending by huge amounts.
My amusement was over the Progressive talking point that Obama isn't a big spender because HE increased spending by the smallest percentage compared to the President before him! Anyone who trots that out is using statistics to obscure the truth.
Obozo continued the program and its been a disaster of course.