Monday, March 12, 2012

TARP Tracker: Don't believe the GOP shrills.

Yes, I mean shrills - as in high pitched screeching sounds - and not shills.

The GOP's sometime rhetoric has been to criticize TARP, but TARP has been a very successful program, creating stability even as the TARP payback continues.  Unfortunately - depending upon your politics - Treasury is trying to sell off its holdings of AIG and GM, even as it translates to a loss, owing to pressure from Conservatives.

Here's the rub: If Republicans had control of the Senate and House along with George Bush in the White House, they would have had NO CHOICE but to pass TARP, or otherwise watch America fall off a cliff into a severe depression.

Instead, Republicans have taken to populist opposition politics and blamed Democrats for spending billions bailing out Wall Street and Detroit automakers, as if they would have done otherwise.  All those billionaires who complain about not having enough political influence, would have surely sent a direct threat to Republicans to bail out the economy...or else.




Quick note: You can examine the daily report which is reflected in this chart, and you can look closely at each transaction performed under TARP, and its current disposition.

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