There's no doubt that Republican President George W. Bush's Treasury Secretary, and former Goldman Sachs executive, Henry Paulson, was a heavy-handed b-bag and rammed that bailout through Congress etc with the subtlety of a battleship cannon, but is it really your contention that the banks didn't want it? That they WANTED to go under?
Let's be clear - what the banks wanted ultimately doesn't matter. Whether they wanted to be part of the bailout or not wasn't a question, and whether the government acted poorly is the ultimate issue.
The banks can want anything they want to want. If the government is going to give it to them, how is that the bank's fault? If your little kid really wants that candy bar at the checkout line, is it his fault if you give it to him?
Is this really the reality you believe in?
You seem to, like clockwork, be applying yet another position to me I do not hold. Can you please point out anywhere where I've said that the banks didn't want to be bailed out?
PS- I love this retcon of history in which conservatives were opposed to the bailout prior to 2009.
I was in favor of the bailout in 2008, I admit it. I bought the story hook, line, and sinker.
The difference is that the conservatives who bought the bailout line? We learned from our mistake. If only the liberals would learn from the laundry list of failures on their platform, no?
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Date: 30/11/11 19:43 (UTC)Let's be clear - what the banks wanted ultimately doesn't matter. Whether they wanted to be part of the bailout or not wasn't a question, and whether the government acted poorly is the ultimate issue.
The banks can want anything they want to want. If the government is going to give it to them, how is that the bank's fault? If your little kid really wants that candy bar at the checkout line, is it his fault if you give it to him?
Is this really the reality you believe in?
You seem to, like clockwork, be applying yet another position to me I do not hold. Can you please point out anywhere where I've said that the banks didn't want to be bailed out?
PS- I love this retcon of history in which conservatives were opposed to the bailout prior to 2009.
I was in favor of the bailout in 2008, I admit it. I bought the story hook, line, and sinker.
The difference is that the conservatives who bought the bailout line? We learned from our mistake. If only the liberals would learn from the laundry list of failures on their platform, no?