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SunSeeker

(58,240 posts)

137. ALL of the funds were authorized under the BUSH ADMINISTRATION. OBAMA made the banks pay it back.

Tue Jul 30, 2013, 11:00 AM

Jul 2013

BUSH and the Republicans caused the financial meltown, then bailed out the banks. Obama fixed the ridiculous bailout crafted by Paulson under Bush so that it helped out economy rather than just lining the pockets of the banks. As I said up the thread:

Henry Paulson, Bush's Treasury Secretary, originally conjured up TARP as a one-page plan to give the banks $700 billion with virtually no restrictions. The Dodd-Frank Wall Street Reform and Consumer Protection Act, pushed by Obama, reduced the amount authorized to $475 billion and put restrictions on it, spurring prompt repayment. As of December 31, 2012, the Treasury had received over $405 billion in total cash back on TARP investments, equaling nearly a non-inflation-adjusted 97 percent of the $418 billion disbursed under the program.

You are the one ignoring reality.

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Obama Says Income Gap Is Fraying U.S. Social Fabric [View all] ProSense Jul 2013 OP

Too bad Obama played such a big part in exacerbating it by thowing money at the banks and not chimpymustgo Jul 2013 #1

Too bad DUers wanted to throw people off of unemployment. BumRushDaShow Jul 2013 #2

No, DUers John2 Jul 2013 #188

+10000 ^^^This Guy Gets It ! ^^^ FreakinDJ Jul 2013 #3

And too bad he's aggressively pushing for a fast tracked TPP. stillwaiting Jul 2013 #5

Actually, ProSense Jul 2013 #7

too bad Krugman is such a tool hfojvt Jul 2013 #65

If he is doing such a great job then don't we just need more of the same? dkf Jul 2013 #78

Yes, ProSense Jul 2013 #79

He needs a new congress for that. dkf Jul 2013 #80

Of course. EVERYTHING is Obama's fault. SunSeeker Jul 2013 #83

Replacing Howard Dean is Obama's fault. dkf Jul 2013 #86

Dean did not want to stay anyway, but that isn't why we lost the House in 2010. SunSeeker Jul 2013 #96

That is so not true. He would have stayed...Obama had no place for him. dkf Jul 2013 #100

No, what Dean is saying about the ACA now is atrocious. nt SunSeeker Jul 2013 #104

Howard Dean successfully implemented health care reform, he has studied it intensively. dkf Jul 2013 #105

Of course, just because he is a lobbyist now should not affect his credibility. SunSeeker Jul 2013 #106

Say what you will...the guy is a natural truth teller. He can't help it. dkf Jul 2013 #107

Really? Was he telling truth when he said the "Ground Zero Mosque" was "a real affront.. SunSeeker Jul 2013 #109

Bullhockey. He wants to improve the ACA, and it needs it. Scuba Jul 2013 #173

You think the ACA has a death panel? nt SunSeeker Jul 2013 #176

Please show me where Dean says it does. Scuba Jul 2013 #187

Dean said "IPAB is essentially a healthcare rationing body" in Sunday's Wall Street Journal. SunSeeker Jul 2013 #189

So he didn't say it? Neither did I. Stop equating attempts to improve the law ... Scuba Jul 2013 #190

He DID say it. He LIED that the IPAB rations care, just like Sarah Palin did. SunSeeker Jul 2013 #191

You claimed Dean said the ACA includes death panels. Prove it or you're the liar. Scuba Jul 2013 #192

I asked you if you thought the ACA had a death panel. You did not answer my question. SunSeeker Jul 2013 #194

Wow, where'd those goalposts go? Scuba Jul 2013 #195

LOL. I figured you wouldn't be able to deny that Dean lied. nt SunSeeker Jul 2013 #196

Revisionist history... Drunken Irishman Jul 2013 #128

true dat Puzzledtraveller Jul 2013 #165

+1 leftstreet Jul 2013 #11

Detroit should have been a bank instead of a city full of people. limpyhobbler Jul 2013 #17

Or declared a corporation... midnight Jul 2013 #132

+1,000,000 duffyduff Jul 2013 #27

It was BUSH who bailed out the banks in 2008, not Obama. SunSeeker Jul 2013 #84

google Obama TARP mick063 Jul 2013 #93

I did. Did you? Also, Google Henry Paulson. SunSeeker Jul 2013 #94

from my phone mick063 Jul 2013 #95

From your link: SunSeeker Jul 2013 #97

Rah Rah PR mick063 Jul 2013 #98

Well, it was not even conjured up by Paulson until October 2008... SunSeeker Jul 2013 #99

Just quote the paragraph. mick063 Jul 2013 #101

I did. The rest is weird. It is not exactly a news site. SunSeeker Jul 2013 #103

ok. I guess I have to do it. mick063 Jul 2013 #110

Bush signed TARP, not Obama. SunSeeker Jul 2013 #117

Candidate Obama voted for TARP, not Bush. TARP would not have passed without his support. AnotherMcIntosh Jul 2013 #119

TARP passed the Senate with 74 votes. Obama's vote is not what put it over the top. SunSeeker Jul 2013 #123

Obama represented the Democatic Party as it's nominee. It would not have passed without his support AnotherMcIntosh Jul 2013 #124

The bailout was crafted by Bush/Paulson. SunSeeker Jul 2013 #125

1/2 the funds were given out during the Bush Administration. 1/2 DURING THE OBAMA ADMINISTRATION AnotherMcIntosh Jul 2013 #126

ALL of the funds were authorized under the BUSH ADMINISTRATION. OBAMA made the banks pay it back. SunSeeker Jul 2013 #137

All the funds were authorized under the Bush Administration WITH OBAMA'S ACTIVE PARTICIPATION. AnotherMcIntosh Jul 2013 #139

Obama did not conjure up the bailout, that was Paulson. SunSeeker Jul 2013 #140

As the Democratic nominee and the representative of the Party, Obama voted for TARP, not Paulson. AnotherMcIntosh Jul 2013 #141

Paulson WROTE it. That is "active participation" to use your words. nt SunSeeker Jul 2013 #148

Obama voted for it, not Paulson. AnotherMcIntosh Jul 2013 #150

Are you suggesting that Paulson would not have voted for it after WRITING it? SunSeeker Jul 2013 #152

No. I'm saying "Obama voted for it, not Paulson." AnotherMcIntosh Jul 2013 #153

Good. But you don't seem to understand that BUSH SIGNED TARP. SunSeeker Jul 2013 #154

No. OBAMA SUPPORTED TARP AS THE DEMOCRATIC NOMINEE. Bush could not have signed it without his help AnotherMcIntosh Jul 2013 #155

Obama did not support the terms of BUSH's TARP. He changed them. SunSeeker Jul 2013 #158

Then you admit that Obama participated in writing TARP. Thank you. Finally. AnotherMcIntosh Jul 2013 #160

No, Obama did not write TARP. PAULSON DID. SunSeeker Jul 2013 #161

Re-read your #158 post. You AMITTED KNOWING Obama CHANGED the terms. You admitted knowing that AnotherMcIntosh Jul 2013 #162

No, I said he changed the terms AFTER HE TOOK OFFICE, when he had the power to do so. SunSeeker Jul 2013 #163

You need to do more research. Obama changed Paulson's origional TARP before voting on it. AnotherMcIntosh Jul 2013 #164

Links? nt SunSeeker Jul 2013 #166

Do your own research. AnotherMcIntosh Jul 2013 #169

LOL. Yeah, I didn't think you had anything. nt SunSeeker Jul 2013 #177

Did you overlook Obama's Senate speech> "There will be time to punish those who set this fire, ..." AnotherMcIntosh Jul 2013 #178

I see, you want to change the subject. LOL. SunSeeker Jul 2013 #179

Obama's speech was to persuade Senate Democrats to vote for TARP. He was actively involved. AnotherMcIntosh Jul 2013 #180

He was acknowledging the emergency of the situation; that is not writing TARP. SunSeeker Jul 2013 #184

No, that was not writing TARP. His modifications to TARP were separate from his speech. AnotherMcIntosh Jul 2013 #185

since when does the consritution grant any power to Dustin DeWinde Jul 2013 #127

It's good to see that somebody get's it. Somebody finally gets it. AnotherMcIntosh Jul 2013 #102

So the bailout was done by Obama?!! REALLY?! wow...ok, i...ok uponit7771 Jul 2013 #142

LOL JoePhilly Jul 2013 #147

Then why is he helping to ensure the rich get richer? burnodo Jul 2013 #4

A suspicious person might think it to be a form of the trickle-down theory. AnotherMcIntosh Jul 2013 #156

Is he bragging, or what? woo me with science Jul 2013 #6

LOL! & +1 Egalitarian Thug Jul 2013 #10

No, but ProSense Jul 2013 #12

He's bragging! "Mission Accomplished." chimpymustgo Jul 2013 #32

I can't recall any Gen.Wesley Clark, Gov. Dean, or Paul Krugman types being nominated to high-level indepat Jul 2013 #75

And it only took four years... Egalitarian Thug Jul 2013 #8

No, ProSense Jul 2013 #15

Yes. See, he is a smart man. Trillo Jul 2013 #9

Not something a self-respecting republican would say. Income inequality is a good thing to a true pampango Jul 2013 #13

I'm sure his $9 minimum wage and global free trade deals will set us straight. limpyhobbler Jul 2013 #14

So ProSense Jul 2013 #20

I think $9/hr stinks. People can't live on that. limpyhobbler Jul 2013 #22

Employers will merely hire part-timers and save on benefits as well as wages duffyduff Jul 2013 #28

Yes to the part time louse. So the solution is a living wage, oh, $25 per hour. Trillo Jul 2013 #42

The problem is they aren't doing that. duffyduff Jul 2013 #57

Single Payer Health care !! Takes employers off the hook ... why don't they support it. YOHABLO Jul 2013 #116

You know why... NorthCarolina Jul 2013 #134

Well, ProSense Jul 2013 #38

Obama's $9 wage: just enough to say he's not quite as bad as a Republican. limpyhobbler Jul 2013 #41

Republicans ProSense Jul 2013 #43

Uh huh. $9 sucks. That's Obama's idea of a decent wage. limpyhobbler Jul 2013 #44

Well, ProSense Jul 2013 #45

This policy is weak and puny. limpyhobbler Jul 2013 #48

Right, ProSense Jul 2013 #50

Minimum wage is already $9 an hour in Washington and $8.90 in Oregon Bluenorthwest Jul 2013 #30

More like too little too late. Bradical79 Jul 2013 #40

The problem is, he's already set his opening negotiation point at $9. Buns_of_Fire Jul 2013 #92

+10000000000 woo me with science Jul 2013 #21

The minimum wage is $9.19 in WA state. Obama's clueless leftstreet Jul 2013 #31

Nine dollar minimum wage while implementing the Trans-Pacific woo me with science Jul 2013 #51

yeah. exactly. limpyhobbler Jul 2013 #53

Excuse me, Pres. Obama, but remember the banker/Wall Street mortgage crimes? WinkyDink Jul 2013 #16

Fool me once, shame on you. Fool me twice . . . - nt HardTimes99 Jul 2013 #18

Yeah, he's so worried about it he wants to cut Social Security. forestpath Jul 2013 #19

Because if HE makes those cuts.... NorthCarolina Jul 2013 #133

Ah, very clever. The seven-dimension chess master wins again. AnotherMcIntosh Jul 2013 #143

Yeah, he's all heart, isn't he? Meanwhile, repug sharks smell the SS blood in the water. forestpath Jul 2013 #159

Then propose an agenda that will address the problems.... Junkdrawer Jul 2013 #23

He HAS done that and it was rejected by the House. nt BumRushDaShow Jul 2013 #33

He proposed a Wall Street tax? He proposed an Eisenhower sized infrastructure project? Junkdrawer Jul 2013 #35

Eisenhower had a Democratic Congress. This split Congress rejected BumRushDaShow Jul 2013 #46

In other words The Bully Pulpit will be used to show he cares while... Junkdrawer Jul 2013 #63

+1000000 Phlem Jul 2013 #67

Nope. Jamaal510 Jul 2013 #172

To each his own Chief. Phlem Jul 2013 #174

Try this BumRushDaShow Jul 2013 #69

Whine whine whine whine WHINE whine whine Zoeisright Jul 2013 #90

Yep. Constantly whining about Republican obstructionism is getting old. n/t Junkdrawer Jul 2013 #91

+10 SHRED Jul 2013 #72

Don't worry about it Obama, the free market system will work it out. PowerToThePeople Jul 2013 #24

Post removed Post removed Jul 2013 #25

Keep up the good work, Mr. President. AllINeedIsCoffee Jul 2013 #26

About Time He Figured This Out - Applies To The World As Well cantbeserious Jul 2013 #29

Does anyone here understand how Govt works or do you all still think JaneyVee Jul 2013 #34

Mean Republicans won't let him lead, so he'll accurately describe the problems... Junkdrawer Jul 2013 #36

No wand, but he does have a pen... Bradical79 Jul 2013 #39

Can we hold any hope that, at some time in the future, the corporate 'D' uber alles crowd Egalitarian Thug Jul 2013 #52

Well Bachmann did say they needed to take Pres O's magic wand Iliyah Jul 2013 #56

...Ron Paul said he had a wand and that it worked so they believe him /sarcasm uponit7771 Jul 2013 #144

I love what he says Bradical79 Jul 2013 #37

Allrighty then! Safetykitten Jul 2013 #47

Anyone from Wall St in prison? SHRED Jul 2013 #49

No shit Sherlock. JEB Jul 2013 #54

|:-) kentuck Jul 2013 #73

Income Inequality Fueled By Outright Corruption DallasNE Jul 2013 #55

I am really surprised this country is still somewhat unified. roamer65 Jul 2013 #58

Where was all this before? Brigid Jul 2013 #59

Well, ProSense Jul 2013 #60

K & R ctsnowman Jul 2013 #61

So he plans to solve the problem by appointing Lawrence Summers as Fed chairman tularetom Jul 2013 #62

Then he can create more jobs by approving the Oil pipeline.. kentuck Jul 2013 #64

Actually, ProSense Jul 2013 #68

Must have heard only 200 jobs will be created. kentuck Jul 2013 #71

It's a done deal. "Evaluate" = "I'm going to delay telling you that I approve of it." AnotherMcIntosh Jul 2013 #120

Yeah, well, bailouts, chained CPI, putting earned benefits on the table, NuclearDem Jul 2013 #66

Lots of things have been fraying the "social fabric." Igel Jul 2013 #70

Still, worth talking about. n/t ProSense Jul 2013 #74

Platitudes. Ed Suspicious Jul 2013 #76

You'd think he was running for president instead of already having 5-1/2 years under his belt. MotherPetrie Jul 2013 #77

'Fraying U.S. social fabric' is just what you'd expect a Muslin to say pinboy3niner Jul 2013 #81

Sorry Mr. President, but you reap what you sow. nt NorthCarolina Jul 2013 #82

K & R SunSeeker Jul 2013 #85

OFFS Phlem Jul 2013 #87

Alan Grayson TPP Secret Treaty �This Hands Sovereignty of Our Country Over to Corp Interests" Fire Walk With Me Jul 2013 #88

K & R Scurrilous Jul 2013 #89

Funny, I have seen Obama work diligently to expand that gap bowens43 Jul 2013 #108

yep Phlem Jul 2013 #113

TPP and TAFTA will fix that. hay rick Jul 2013 #111

Wow he's on a roll! By the way, next speech..."The Sky Is Blue!" Safetykitten Jul 2013 #112

I would like to add Caretha Jul 2013 #114

Was he standing under a "Mission Accomplished" banner when he said that? nt NorthCarolina Jul 2013 #115

We need the bat signal! Rex Jul 2013 #118

Be careful what you wish for Fumesucker Jul 2013 #121

Oh that would suck! Rex Jul 2013 #122

This thread is so full of FAIL. Drunken Irishman Jul 2013 #129

The proof is in the pudding, let's just take the 2000 election since you mention that last Fumesucker Jul 2013 #130

Yeah. Lieberman sucked ass. But that still didn't justify the left's hate of Al Gore. Drunken Irishman Jul 2013 #167

He had his chance mick063 Jul 2013 #131

Obama did not "blow it"-He passed the ACA, with only 24 days of a filibuster proof majority. SunSeeker Jul 2013 #157

That must be why we do not have universal health care. AnotherMcIntosh Jul 2013 #181

My brother will have health coverage for the first time in his adult life. SunSeeker Jul 2013 #182

Would your brother prefer to not have universal health care? Obama could have achieved that. AnotherMcIntosh Jul 2013 #183

Obama could not get single payer. But he got us a good first step. SunSeeker Jul 2013 #186

Waiting for him to 'speak about' something? Cal Carpenter Jul 2013 #136

Great post, DI. Only one correction: Obama only had 24 working days of a filibuster proof majority SunSeeker Jul 2013 #138

This is fudr, one of the first responses to the thread was Obama bailed out the banks...no really, uponit7771 Jul 2013 #145

+1000 JoePhilly Jul 2013 #149

Full of leftist hypocrites who will bitch and moan no matter what outcome. great white snark Jul 2013 #151

+1000 BklnDem75 Jul 2013 #170

+1000 Jamaal510 Jul 2013 #171

Right Phlem Jul 2013 #175

BREAKING: Obama Says Income Gap Is Fraying U.S. Social Fabric... NorthCarolina Jul 2013 #135

by helping create jobs?! Or are you one of the left who agrees with wingers et al about the economy uponit7771 Jul 2013 #146

HA! Phlem Jul 2013 #168

The Amazon warehouse tour was enlightening mick063 Jul 2013 #193