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- #121
Anyone can click bls.gov and see---
--with unemployment at 6.6%, then Obama get's elected and employers flee. Obama must have a super cold but if it took him a month to warm up his chair...
Your are not the only person who feels that way
It is amazing how this economy, all of it really fell off the cliff when Obama became the clear leader in the presidential race
Tarp only cost us about 250 billion out the gate and its original intent
we got most of that back
Troubled Asset Relief Program - Wikipedia, the free encyclopedia
On October 14, 2008, Secretary of the Treasury Paulson and President Bush separately announced revisions to the TARP program. The Treasury announced their intention to buy senior preferred stock and warrants from the nine largest American banks. The shares would qualify as Tier 1 capital and were non-voting shares. To qualify for this program, the Treasury required participating institutions to meet certain criteria, including: "(1) ensuring that incentive compensation for senior executives does not encourage unnecessary and excessive risks that threaten the value of the financial institution; (2) required clawback of any bonus or incentive compensation paid to a senior executive based on statements of earnings, gains or other criteria that are later proven to be materially inaccurate; (3) prohibition on the financial institution from making any golden parachute payment to a senior executive based on the Internal Revenue Code provision; and (4) agreement not to deduct for tax purposes executive compensation in excess of $500,000 for each senior executive."[12] The Treasury also bought preferred stock and warrants from hundreds of smaller banks, using the first $250 billion allotted to the program.[13]
That stopped the bleeding, the end of the world scenario
the only fix we have from now on is the expansion of places we can invest and grow out economy
like oil shale
As the goalpost moves even further to the left
Now Obama is responsible for the economy just because he was "running" for president
I dont recall stating that
I recall noting the facts
Did you miss the part in which I do not blame W or Obama for the 08 crash or did you just ignore that?
To me it is about 2 things
1) never allow a crises to go to waste. BHO has not as he increased the deficit by trillions in the name of job creation
2) Standing in the way of new work. Obama will not allow shale oil expansion and the EPA (Under Obama) is standing in the way of new refineries, power plants
Dept of Interior Cancels Bush Administration Oil Shale Leasing Plans : TreeHugger