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"THAT person (the one who convinced Bush in Sept and Oct that we needed immediate action (just before the election) to “bailout Wall Street”) is the group or person at fault for “losing” the election to Obama."

I certainly have to agree with that. I also don't know who that person is, and it very well might have been Bush himself. The timing was horrible and I feel it has more to do with not going down as another Hoover than anything else. What amazes me in retrospect, and not because of any profound financial ability of my own, is that anyone actually thought this bail out was going to work.

We have spent a huge amount of money with no noticeable effect and it appears we are going to spend yet another sizeable chunk with no real documentation or proof that it will have any more effect than the last round.

From everything I have read recently, no government program has ever had any positive effect in reversing, halting or even slowing a recession. With Bernanke being a student of The Great Depression, I'm surprised he actually boarded this boat.

” Aye, that's the rub” -

Because we really have NOT “spent” the money that was “immediately needed” and was an “emergency” in that first week in October. We were told that “hours mattered” and that emergency sessions (without accountability” were needed over the weekend to get the bailout bill through.

But then the vote happened - and the money authorized, but the Fed’s claimed they needed contracts to write contracts to authorize contractors to write the checks to the Wall Street banks. Very, very little of those billions has actually gotten to banks and Wall Street yet.

The AIG money in mid-Sept? Don't know. It was a single institution and probably got there.

Mortgage money guarantees a few days later? How many have actually been processed to the final users and banks? We were ALWAYS told of how many “faced” bankcrupcy and how many “faced” foreclosure. But those were liebrally-salted views and numbers to CREATE the crisis, not solve it or identify the crisis. (For example, I “face” foreclosure if I fail to make payments for several months in a row - but I'm not behind now. However, even my situation could be propagandized in a liberal media.