The time for referencing former President Bush is past dead.
Yes, he committed the United States to $700 billion in TARP funds (Trouble Asset Relief Program). These institutions received TARP funds.
Was TARP necessary and — moreover — did it work?
NO:
Ultimately, what TARP did was to provide funds for the government to take an ownership interest in private firms. Nationalizing our financial and industrial firms is not in the public interest. The federal government now owns 80% of AIG and 61% of GM. TARP was not necessary. It didn’t work. And what it actually did was undesirable.
Unfortunately, Bush set the stage for the rapine of the United States. Our Hero took that ball and ran with it, expanding exponentially upon the track set by GWB.
Mr Obama swore that, without the billions and billions of dollars required by his stimulus packages, there would be massive failures of banks, double-digit unemployment, a true recession, bankruptcies of businesses “too large to fail.”
And yet, all of those things have come to pass despite billions and billions of American taxpayer dollars — essentially PISSED away and unaccounted-for UNDER Mr Obama. No, NOT under Mr Bush; under Mr Obama.
I might cite, as an example, FoMoCo. Ford, which elected not to take any government monies, recently returned profits of nearly a billion dollars in this third quarter. GM and Chrysler are stumbling at best. Conversely, CIT Group, taking $2.3 billion of government funds, plans for bankruptcy.
With that in mind, the smallest state elections on Tuesday now take on massive implications.
I write this late Tuesday night with few returns extant.
Mr Obama’s plans and sycophants will be supported and exonerated or this will be the beginning of a very rough time for the Demorats and Leftists.
I suspect the latter.
I also suspect a change in the national political machine on most every level. The times are changing; Texas Fred believes this as well. We may very well be seeing a slow but inevitable and inexorable leaning towards a third party. Not yet. Not now. Not this year. Not the next.
This ties into a clump of ephemeral and emotive votes — the vote in 2008. I can actually write now (and it will be acknowledged): Obama was elected not because everyone believed he was an Actual Savior (as portrayed by the American media, already “in the bag” for him because of his melanin and background) but because his was an anti-Bush vote. Or: anyone but Bush. Obama was there. Hence: Obama.
But there are many people who are not only done with Demorats, but done with the GOP as well.
I suspect we’re witnessing the cusp of an American Political System in serious flux.
These interim elections don’t look good for the Donks.
At this early point the GOP takes Virginia, and the GOP takes New Jersey.
BZ
BZ,
Many of we conservatives will be watching what this night will bring with any new found power the Repubs pick up.
John Boehner from my state said he regrets backing the upstate NY RINO. Well of course he did, he a politician with his finger testing the wind.
If they continue to do what they have done they’ll get pounded again at the polls and righfully so.
And so it begins…….
In less than four years we will finally be able to air out the White House from All the BO!!!
Congratulations to the new Governor Bob McDonnell (VA) and
Governor Chris Christie (NJ).
You both WON OVER THE PRESIDENT who Shamelessly campanged and pandered for your opponnents.
For the first time, In a LONG TIME I have some hope for the Future of the Lower 48 States!!!
Your poster paints you as a typical teabagger and your premise is moronic. Bush gave billions to his friends before he left office as their last gift.
I am really glad McCain lost now. Obama’s election exposed where the left really is and most Americans including independants don’t want it. This is being shown by the election results last night. The door is wide open for a strong Reagan conservative presidential nominee now.. The GOP supporting Scozzafava also exposed how out of touch they are with their base and gave them a good spanking as well. While painful, all of this mess has been good for conservatives.
I’ve had some of the same thoughts as Rivka. We’ve become so very Liberal, beginning many years ago. Perhaps Obama’s election has slapped Americans silly and will restore us to our constitutional senses.
I praise Sarah Palin for bringing Doug Hoffman to the fore. I’m reading that conservatives never before in politics are ready to challenge Liberals, as well as liberal leaning Republicans all around the country.
Just think what Hoffman could have done if even half of the money that went to Scozzafava had been allotted to help Doug Hoffman.
I hope this happens and since Newt said the “days of the party picking the people are over,” – I hope he meant it because we will hold his feet to the political flame.
Deacon: you’re losing. And so soon. Isn’t that sad?
It took a Carter for a Reagan to appear. But that’s the crux of the biscuit — I don’t see a Reagan yet; or even a winnable Conservative ready to step into the Big Time.
I used to think it might be Palin. At this point, after her stunt, she’d be skewered.
BZ
Rivka, the problem is you don’t anything close to a Reagan out there. Your party is mired with extremists who say crazy things-like you.
The Dems won the most important race last night; New York. They elected a Dem for the first time in that district in 100 years because of the involvement of the extreme right, like Palin. And McDonald, the GOP who won in VA (?), actually endorsed Obaba’s plans.
I have to say, if I were running for office, I would NOT want an endorsement from Palin or Newt…
Kind of like the Dick Cheney endorsement of Kay Bailey Hutchison running for Texas Governor, some are calling it a *kiss of death*, but I am certain that Palin is supporting Gov. Perry in his run against Hutchison, if Perry could, he would be better off to not have that one, Palin shot her wad when she QUIT as the Governor of Alaska I believe…
No matter the opinion about Palin, her endorsement brought to full light what how the party leadership was doing business.
It’s evident in a high profile race, like Crist and Rubio, but we would have never known in this case.
Of course, this not a primary race – so that made all the difference, but still, we can see that the “leadership” is “politics as usual,” and I don’t think we’re going to allow that to happen again, without trying to stop the “big tent mentality.”