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Posted On: 01/17/2017 1:23:24 AM
Post# of 65629
OK, my point is that NO president could afford to act differently than did Obama.
And the FED also had no options OTHER than to recommend cash infusions to the banks and to create low interest rates.
TARP, the auto bailouts and the Stimulus were the responses by two presidents, the FED and the Congress to the exigencies of the FINANCAL crisis.
It wasn't a cyclical recession, rather the more dangerous, more slowly recovered from, financially induced recession.
Can you think what all three entities could have done differently to make things better, faster, or to avert far worse consequences?
And the FED also had no options OTHER than to recommend cash infusions to the banks and to create low interest rates.
TARP, the auto bailouts and the Stimulus were the responses by two presidents, the FED and the Congress to the exigencies of the FINANCAL crisis.
It wasn't a cyclical recession, rather the more dangerous, more slowly recovered from, financially induced recession.
Can you think what all three entities could have done differently to make things better, faster, or to avert far worse consequences?
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