So TARP may turn a profit, does this change how you think of it?

1 Answer

Answer :

answer:This was the plan from the beginning. Glad to see it’s working. I never had a problem with the concept of the bailout. My understanding of economics (which is limited) led me to believe it was necessary to keep credit markets from freezing, which would have plunged us into a depression. Although it can’t be proven, most economists agree TARP was necessary to avoid a lost decade of growth like Japan suffered. I hate the conditions that led to the necessity of the bailout, and I’m unimpressed by the fact the banks weren’t forced to loan the money out in a timely fashion. I’m also extremely unimpressed by how politicized an economic issue most people don’t appear to understand has been so misconstrued by Fox News and the Tea Party.

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