Wednesday, September 16, 2009

Bush On TARP: ‘Why Did I Sign On To This Proposal If I Don’t Understand What It Does?’

http://wonkroom.thinkprogress.org/2009/09/15/bush-tarp/
lolololol
On September 24, 2008, former President George Bush addressed the nation to explain the $700 billion Troubled Asset Relief Program (TARP) that was being crafted by the administration, the Treasury Department, and Congress. "Under our proposal," Bush explained, "the federal government would put up to $700 billion taxpayer dollars on the line to purchase troubled assets that are clogging the financial system."

But former Bush speechwriter Matt Latimer wrote in an upcoming book (excerpted by GQ) that, even hours before he gave an address promoting the TARP, Bush fundamentally misunderstood what the program was all about
voted in not once, but twice. forrest thru the trees, voters.

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