[sickoflibs]

RE :” about time they got on the right side of the bailout issue... reply: The GOP looks good when the Dems are in power, but GW Bush would have bailed out Greece without thinking twice”

Not only GWB but almost any of the current Republicans would do it if they were seen politically as responsible for the economy. Bailouts are about delaying the eventual pain and consequences of prior mistakes making them even worse in the future. In the case of TARP and other bailouts, saving the banks helped the stock market temporarily as this Greece bailout is doing, which helps Obama in the short run. Being in political office is about delaying consequences(for the current elections) , unless you are seen as out of power like republicans are now.

Each crisis promotes a selloff and the next bailout which creates a buy-back but it is solving nothing.

You can see many here are still defending Bush for TARP.

[ding_dong_daddy_from_dumas]

Not only GWB but almost any of the current Republicans would do it if they were seen politically as responsible for the economy. Bailouts are about delaying the eventual pain and consequences of prior mistakes making them even worse in the future.

One analogy I heard was that the plane was still going to crash, but the delay would allow the thieves on board time to parachute out with their loot.

[delapaz]

also note that the fearless GOP is not promoting defunding the IMF altogether, Oh no...