The Mudcat Café TM
Thread #128314   Message #3005749
Posted By: Sawzaw
13-Oct-10 - 01:42 AM
Thread Name: BS: Republican response to Health Reform
Subject: RE: BS: Republican response to Health Reform
"Wall Street bailout was on yer guy... Not Obama"

Obama voted for it. he supported it and he said it was the right thing to do.

The only loudmouth bullies I hear go around yelling "BIGASS LIE" and trying to shout down any facts that are presented.

I haven't heard anybody trying to blame the bailout on Obama.

But the money loaned to the banks, not given to the banks, was supposed to be returned to the treasury to reduce the national debt. However Obama saw fit to use it for things like cash for clunkers which is a give away to help the unions that voted for him and not a loan to be repaid with interest.

Therefore that part of the debt could be blamed on the former administration.

"The law says that money coming back from TARP beneficiaries "shall be paid into the general fund of the Treasury for reduction of the public debt." Rep. Brad Sherman (D-Calif.) was the first to cry foul."