Republican George W. Bush Bailed Out the Banks!!!!!
There comes a time in a man's life, especially one who is fairly well versed in recent history, when he just can't take the lies that are spewed out at him anymore. That's what happened to me when I listened to Rick Santorum, the Republican who wants to push his religious beliefs on you in your bedroom and running for President, giving his victory speech after he swept the primaries on Tuesday. He gave this ridiculous "Barack Obama thinks he's smarter than you" speech, and in it presented a lot of misleading and completely wrong information (which I'm used to hearing and just let that roll off my back), but he also perpetuated one of the biggest lies of the "conservatives", and I almost went into a rage. It's one thing for uneducated viewers of Fox "News" to think that Barack Obama was responsible for bailing out the banks. After all, a recent poll found that Fox News viewers were less informed about current events than people who watched no news at all.
No, my friends, Barack Obama unequivocally did NOT bail out the banks!! For the last time it was George W. Bush and his Treasury Secretary Henry Paulson (former CEO of Goldman Sachs) that cooked up that idea, hastily sped the plan through Congress (most of which are bought off by Wall Street anyway), and signed into law. Yes, TARP, the Troubled Assest Relief Program, was signed into law on October 3, 2008, a full month before candidate Obama was even elected! When Paulson was pushing his plan, he wanted to give the banks the money with absolutely no strings attached as quickly as possible and with no oversight whatsoever! Thankfully we had a few good Democrats who had heads on their shoulders and didn't allow $750 billion of the taxpayers' money go to the banksters just like that. However, remember what did happen? Just a couple of months later and again a year later? With the taxpayers' bailout money? Multi-million dollar BONUSES!!!! That's right, huge bonuses for the very same executives who played Russian roulette with their customers' deposits and investments (which was only legal because of the repeal of Glass-Steagall). Instead of being fired or investigated or going to jail for their crimes, these scumbags stole even more of middle-class America's money and pocketed it, and it was government sanctioned. Once again, why do you think there's an Occupy Wall Street?
Republicans Bob Corker & Lamar Alexandra should have known that bush and cheney was part of this rip off of tax payers money and causing a recession while the very rich walked away with Bllions of Taxdollars,people losing homes and making it harder to borrow money to get a new start in life.
Blame The Republicans for the mess and stealing of tax dollars on wall-street..Under President bush..Just as bush lost $9 Billion Dollars In IRAQ and helt noone accountable for this loss of taxdollars.
VOTE REPUBLICAN CORKER AND DIANA BLACK OUT OF OFFICE IN 2012