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June 09, 2012

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The TARP was specifically to preevnt a panic and widespread failure of the financial systems, which would have completely destroyed the economy. It would have made the Depression seem like a picnic.And, it worked.Unfortunately, the reason it was necessary is because big government politicians, mainly Democrats, but also liberal and compassionate conservatives like Bush, decided to use the power of government to create untenable and financially unsound results, such as increased homeownership for the poor and minorities. In doing so, it was government who distorted the risk/reward curve in the home finance sector. Never forget that the current economic problem is because of politicians using the power of government to create unrealistic fairy-tale outcomes.Republicans reluctantly voted for it, but let's not forget that Pelosi and Reid pushed hard for TARP to pass. So did Obama.The principles of the free market still remain the best method to increase health care coverage and to reduce costs. Currently, most state governments strictly limit competition in health care insurance and do not permit out of state competition. They also lard up the required minimum coverages for health insurance, because they get campaign donations from medical special interest groups. Also, they limit competition because their in-state insurers ply them with donations and contributions to preevnt competition.I'm guessing you're pretty clueless about things, eh? That would explain your support of HopeyChangey.

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