It does not matter which president is in now really, the mess happened well before bush left. whoever is in power has the NOW responsibility to clean up the mess...
Anyone hear of
sub prime lending fiasco? well before the present prez.
Bush agreed the 700 billion was needed.. when he was in power.
Somebody get ollie some snow...
There is no carpet large enough to sweep the past under. Time to spend money towards getting consumer confidence back. but first the country needs a boost. That is what is happening.
If the banks took the hit, the country would suffer to a non recoverable financial hit, thus dragging down the entire economy... because the banks own the most, whether or not you think you own your new escalade, that you just financed,,, or the home you got a mortgage for... the bank owns it.. That's how big the picture is. The money has to come from somewhere, the tax payers.
Same with the auto industry. Way too many peoples' livelihoods are at stake if the auto sector goes under...not just factory workers, or dealerships but their employees, parts makers, tire manufacturers, plastic companies, metal industry, paint industry..electronics industries it all trickles down to every citizen... even the lunch wagon lady..What else can be done?
ya gotta change the sheets, cuz their soiled..and someone has to pay. The tax payer unfortunately.
