If the Democrats did not have the votes to get the corporate Socialism passed in the House, the Republicans would have been “forced” to help get the bill passed there too.

OH THAT BARACK, HE SHOULD’VE BEEN A COMEDIAN…

The GOP is never to blame.

Your opinion/strawman, not mine. See above. Budget deficits are due to excessive spending and can be laid at the feet of all those who vote for higher spending, from either party.

Funny how “just enough” Republicans always find a way to cross the aisle, thus ensuring the passage of the wildly unpopular bailouts, giveaways, and government secured loans to the titans of Wall Street. Still, what’s a faithful Small Government Conservative Republican gonna do?

Fire the sorry asses of the Republicans who wimp out and do the wrong thing. This of course has led to the aforementioned fact of a rump Republican minority. … I am convinced that Liddy Dole lost her race on the bailout vote. People vs heavy-hitter Charlotte bankers … hmmmm …. she made her pick, people took another.

Compared to what? We lost almost 3 million jobs since Obama was elected. We wont get those jobs back any time soon.
The best we can say right now is that the deceleration of the economy has slowed.
But its kind of like when Wile E Coyote hits the bottom of the canyon.

ROFLMAO. First, AIG was saved prior to TARP. Second, AIG *has* failed in the sense that stockholders are practically wiped out and the company is now a ward of the state. Third, the whole Paulson “You must do X or the world will collapse” missed the BIGGEST OBJECTION: There were a number of alternatives that in the end were superior to the TARP bill; the conservative Republicans pointed out how to add insurance backing for assets at much lower cost; liberals and FDIC chair piped up about expanding FDIC insurance. Wrt to AIG, there too it is false to assume a bailout is the only way to save the global CDS market: You neglect the difference between Ch11 and Ch7. CDS counterparty protection could have been given protection in a pre-pack BK with the Fed backing that up.

“I was flat out against TARP at first, but have taken the time to learn more about what is going on. ”

Well, I went the other way. Ultimately the claim that TARP was vitally needed is simply refuted by the track record: It didnt do what it was sold as being needed for, and it didnt solve the problem at hand. the Congress voted for a TARP that would buy up toxic assets. Remember? Guess what? The week after TARP was passed the stock market fell 18% in one week. A vote of no confidence. Two weeks later Paulson changed course … Stock market cheered the change as it was clear there was a 10to1 advantage to shoring up bank balance sheets through direct investment. Only now we find out that half the banks given the money felt they didnt need/want it anyway! And the claim that this would expand lending has not borne out (not unexpectedly, since the banks just used it to pad extended balance sheets). Strangely, we are back to buying the toxic assets in Geitner’s TARP III.

So TARP didnt do what it billed as being needed for up front and has not solved the so-called credit market squeeze. The commercial BBB to AAA spreads are as high as in November. And we have 2 million less jobs now than in November to boot. All of this shift of financial risk from the financial sector investors to taxpayers has not in the end changed the economic trajectory much at all. We are going through a recession to clear out the defaulted and devalued over-investment in certain sectors and any TARP, stimulus or bailout will just be pumping air into a busted deflating balloon.

TARP and Geitner’s TARP III has been the big-Gubmint-solution to a problem: Throw enough money at the problem and hope some of it sticks.

The most effective lever we have is monetary policy, not bailouts. for example, the LIBOR-Fed rate issue was and is solvable via direct Fed action. The Fed’s zero interest rate policy and their direct purchases of commercial paper has had a lot more to do with helping LIBOR and overall situation right now than anything else. (Albeit another short-term gain we will pay for down the road).

You can at best argue that bailouts like TARP are mitigating someone’s economic pain, but you have to ask to what extent should taxpayer money be going to bail out, say the Abu Dubai sovereign investment funds’ insurance backed investments in US financial assets? Their Citigroup bonds? Their commercial RE loans in CMOs? Somehow when you are FOR it, all the billions are going to widows and orphans; when you are against it, its ‘greedy wall st bankers’. Same pot o’ money in both cases.

“A little early to declare failure, I think.”

The Obama/Pelosi/Reid Democrat economic plans are to:
1. Add taxes in a recession (cap-and-trade, hike in top rates, smokers taxed, etc.) - something Hoover did, plus
2. Embark on massive keynesian-style deficits, combined with Govt propping up the banking sector; the same failed keynesians formula Japan tried in the 1990s. They had near 0% net growth for 10 years.

Those who dont learn from history are condemned to repeat it.

It never fails. The GOP is never to blame.

Here’s how it works:

1) The years immediately following a Democratic president are the fault of the Democrats.

2) The years immediately following a Republican president are the fault of Democrats.

3) The years in the middle? The fault of Democrats.

4) When the GOP has both the White House and the Congress it’s the fault of the Democrats for having any vote at all.

5) If the Democratic party ceased to exist it would still be the fault of the Democrats because of the media.

Conclusion: It is never, ever the fault of Republicans. Because, after all, they are the party of restraint and responsibility.