Skip to comments.Bush on TARP: 'Absolutely' Would Do It Again. (VIDEO)
Posted on 11/03/2010 7:28:34 PM PDT by wrrock
George W. Bush is on book tour and sat down with Matt Lauer. Here is what was said about TARP:
Lauer: You went with the TARP Program.
Bush: We did.
Lauer: A lot of people now call it the bank bailout and they hate it.
Bush: Yeah, they do hate it. I can understand that. Look, the idea of spending taxpayer's money to give to wall street and the banks, to save them, a lot of people think they created the crisis in the first place. So I can understand the angst. But in my case, I wasn't worried about angst, personal angst, or contradiction, I was worried about the economy going down. And I believe TARP saved the economy.
Lauer: If you were president again and TARP came up again, you would do the exact same thing?
Bush: Absolutely, given the same circumstances. The other thing about TARP that people forget is we structured it so that the gover... the people would be repaid with a really good rate of return. And it turns out, that aspect of TARP, that's what happened.
(Excerpt) Read more at butasforme.com ...
So TARP was really just a big loan and the taxpayers have been paid back with a really good rate of return, right?
We know George we know.
TARP money was paid back
Dumbo’s GM gifts, yes plural,are not required to be paid back as we were told they would....just another DUMBO write off at our expense as the FED digs deeper and deeper
GW Go away enough!! The Tarp was BS let the system work.
TARP was the WORST thing he did as president, right there with his illegal alien amnesty plan. If he would have done those during his first term, I would have had a very difficult time voting for him again.
I remember seeing the fear in this man’s eyes back in September 2008. It was genuine and it frightened me to see that it was there. Unfortunately what the man should have been fearing was those who were advising him. He should have surrounded himself with Austrians.
I'm glad to read this excerpt here, rather than have to suffer through Matt Laaaaauer or buy the book.
So, GWB's fuzzy math justifies TARP...that's a shame.
I’ll reserve judgement until I see GWB’s book sales up against Sarah’s. This country is on its knees begging for a leader. It ain’t another bush or establishment type. Do you hear me?
Still, I'd take Bush's ignorance over Obama's focused evil in a heartbeat.
Still won’t control the border either.
Thanks for your service now please go away and take Mr Potato head with you...
How about the GWB cash thar went to GM?
Has that been paid back?
Once a dork always a dork.... Karl wasnt his brain he stole his brain
Go back to Texas. I ain’t buying your book either and I have not to many fond memories of you cave that terrific speech you gave in NYC after 911.
link for the GM story about no requirement to pay back?