Extreme Liberal's Blog

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Deprogramming America – The “Bailout” Was Signed By Bush, Seriously!

From The Hill…

A plurality of Americans think bank bailouts started under President Obama, according to a new Pew poll.

In Pew’s most recent “News IQ Quiz,” 47 percent of respondents thought Obama initiated the Troubled Asset Relief Program, compared to just 34 percent who correctly guessed it was former President George W. Bush.

Yo, anyone interested in the truth….George W. Bush signed the TARP bailout on October 3, 2008, well before Barack Obama was even elected president. Spread the truth…it hurts Republicans. The interesting thing about it is that prior to signing, the bill was supported by the American people. Before the congress started debating it, from Pew…

By a margin of almost two-to-one the American public thinks the government is doing the right thing in investing billions of dollars to try to keep financial institutions and markets secure. Reacting to initial reports of the federal bailout plan over the weekend, 57% said the government was doing the right thing, while 30% said it was doing the wrong thing. At the same time, only 19% of the public believes that the government is currently doing an excellent or good job in handling the financial problems on Wall Street. Support for the administration’s plan to bailout many of the nation’s troubled financial institutions is largely bipartisan.

After the debate, those numbers changed but still showed a plurality of people supporting it, from a Pew poll a week later….

As Congress debated the financial bailout bill over the past week, public support for government action has declined. A new Pew Research Center survey conducted Sept. 27-29 finds a narrow 45%-38% plurality of the public saying that a government plan to invest or commit billions of dollars to secure financial institutions is the right thing to do.

Of course our amnesic public with the help of the brain dead media and the lying Republicans have succeeded at placing this at President Obama’s feet like several other actions by Bush and his gang. But wait, there is more, the majority of the TARP has been paid back

The Troubled Asset Relief Program has reached a significant milestone: The amount of TARP money paid back to the federal government has surpassed the amount that remains outstanding. Through the end of May, $194 billion in TARP money had been repaid, compared with $190 billion in TARP still owed to the government.

Every time someone in the media allows this misinformation to be spewed onto their airwaves, we must stand up to it. The lying and misleading has to stop or us Democrats will pay the price in November.

August 9, 2010 Posted by | Politics, The Truth | , | 12 Comments

   

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