Message to the Right Wing: The TARP worked
Their next biggest shout out is protesting the bailouts, or TARP as commonly called. I mean of course they were outraged, Obama, that evil socialist...oh wait, hold up, TARP was in October 2008, Obama wasn't President until January 2009. Bush that Socialist err I mean what was he, oh yes he was the "decider" according to him, George W Bush put through the TARP. So of course Republicans should be...wait, he was Republican, oh so Democrats should be outrag....wait.. I'm so confused.
Anyways that 700 billion dollar bailout is breaking our economy, exploding the deficit, and was a total failure...... OK wait again...I just saw a Bank of America Commercial, wait, weren't they going to fail? Citicorp surely was, pardon? they still exist too? Well the American Auto Industry was doomed and TARP money was used .....GM sales are up? Chrysler is rehiring 1900 workers?
OK well so it worked but was it worth it after all it cost the Taxpayers 700 billion dollars that my grandchildren are going to have to pay......630 billion has been paid back? OK well then 70 billion is a lot of money.......that is expected to be paid back within 5 years?,,,wait with interest?
OK so the TARP saved our banking system, the auto industry and our economy overall and in the end its going to cost the taxpayers, nothing. Yes Clearly another Bush failure...I'm so confused.
Oh wait now the tea baggers and the right wing want to blame Obama for the TARP. hmm OK, works for me!