Finally after Obama has been destroying the economy ever sice he got elected to office (or should we included ever since he started running) GWBs policies have started to help the economy rebound.
Well, the market is up on good news from Citi. That good news has to do with making money in Jan and Feb. I think we can thank TARP, the Citi bailout last fall, and Bush for that.
Don’t let the fact those things came from Congress get in the way of a good story.
Well, he didn’t veto them, right? He signed them into law, yes? He got Paulson to act, right? So he should get some credit, methinks.
Okay, if you say so.
Now if people would just apply to the same logic to the Budget, Budget Deficit and the National Debt…
I missed the memo where it said Dubya is still in charge of much of anything since January 20th of this year. Good leaders don’t stand up in front of the troops and bewail the fact that things were all messed up before they even got a chance to mess things up even more. And a captain whose ship has run aground doesn’t tell the court of inquiry that it’s the previous captain’s fault that his own hand wasn’t steady enough on the tiller. But I forget…the Repubs and Dems we have running things the last fifteen years or so don’t seem to get the whole “I have the conn,” thing.
T.
Well, that pretty much went by everyone’s head, didn’t it?
**Well, that pretty much went by everyone’s head, didn’t it? **
If things are not in pink that tends to happen.
Subtle points are not typically understood here.
**Well, that pretty much went by everyone’s head, didn’t it? **
If things are not in pink that tends to happen.
Subtle points are not typically understood here.
I think this one required a link to the offending thread…
**I think this one required a link to the offending thread… **
That’s asking a lot, particularly since it is Barry 
Just out of curiosity where we you assigning blame to GWB when the market was tanking? Or do you only like your bread buttered on one side?
Didn’t you propose a personal moratorium on political commentary awhile back?
Just out of curiosity where we you assigning blame to GWB when the market was tanking? Or do you only like your bread buttered on one side?
I don’t even use butter.
Citi wouldn’t have been announcing profits yesterday if Bush hadn’t bailed their asses out last November. So yeah, he probably deserves some credit for keeping them aloat.
Well, that pretty much went by everyone’s head, didn’t it?
You and Casey got it. That’s good enough for me. I just wanted to get a post up before P-Tex could. ; ^ )
I thought we went through this. GWB didn’t do anything other than not stand in the way of legislation put forward by Congress. And just for accuracy sake, Citi did not report a profit yesterday. The contents of an internal email stating they had were leaked. Maybe you can also explain to us how money received by Citi at the end of Janurary helped them turn a profit in January, since the money has just been sitting on its balance sheet.
You can give GWB all the credit you want, and to an extent you would be right. But you cannot do so without apportioning him the majority of the blame.
YOU were the one who brought this back from the dead with your “Bread and butter” post above. I had already moved on…
The Treasury bailed out Citi last November to the tune of $306 Billion in protection against bad assets. That was not voted on by Congress, it was done unilaterally by the Treasury and FDIC at the behest of the President.
The money Citi received at the end of January has nothing to do with my point and wasn’t raised in any of my posts.
Actually, they did not bailout Citi last year. They gave the backstop facility. The money never changed hands. The reason was to stop counter party acceleration of obligations. This is why I give GWB some credit, but merely because he was at the helm when it happened, not because he made the decision, or even knew what was going on. This did very little, if anything, to make Citi profitable in January/February of this year.
Touchy much?
This is why I give GWB some credit
Great, we agree.