Nation & World | $700B TARP bailout ends Sunday, will wind up costing $100B or less | Seattle Times Newspaper

Although it will never happen, Americans should be thanking President Bush. His bailout did not adhere to conservative theory but it worked. Now, Americans will reflect back to this time and give President Obama the credit. Why? Democrats, and Independents will assess Mr. Bush as horrible, the worst President based on the numbers. Even Conservatives don't like him and they'll never change there position. The Republican media machine should be working at rewriting his history, not hating on bailing out the economy like other Presidents (see 1980s).


Nation & World | $700B TARP bailout ends Sunday, will wind up costing $100B or less | Seattle Times Newspaper: "Originally envisioned as a blank check for the government to spend up to $700 billion to rescue the financial system, the cost to taxpayers is estimated now to be only one-seventh of that amount. The government has earned almost $13 billion in dividends from the bank stock it received in exchange for the taxpayers' investment, and it earned $8.2 billion more from the sale of preferred stock."