[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.

[TigerLikesRooster]

parachute out with their loot.

Make sure their parachute is small enough and the loot is heavy enough. They will hit the ground but never live to enjoy it.:-)

[stephenjohnbanker]

“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. “

A good analogy!

[sickoflibs]

RE :”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.”

This is exactly the way I see the GWB bailouts and stimulus 2007-2008. The sub-prime market started taking down the stock market in September 2007 but we heard an endless set of claims that reductions in interest rates, bailouts and stimulus would all keep the stock market from crashing. We even saw a suckers rally summer of 2008. That run-up of public debt allowed those that knew it was a scam to get out before the final crash which was Fall 2008-Spring 2009.

Worse yet, by using the "To avoid another Great Depression" terminology to pass TARP, Bush gave Obama the talking points he is using now to run up endless debts. Obama will be using it in 2012 ("I avoided another Great Bush Depression"), mark my words.