Will Obama blame Bush for the $22.7 billion AIG bailout profit?

[Geee]

Investors Business Daily:

Remember TARP?

It was -- still is, for many -- a four-letter word for huge inappropriate government involvement in the private sector economy back in 2008. The Troubled Asset Relief Program was one of the last major acts of George W. Bush's administration. And to say TARP was controversial is like saying Barack Obama seems fond of giving speeches.

It involved, among other things, the feds saving the failing financial ass-ets of AIG, the insurance giant that had taken way too many bad risks in the housing bubble. Not because AIG deserved help,

But Bush and others feared a calamitous cascade of many other major firms if AIG imploded, leading to a national financial meltdown. So, Bush's Treasury Department and the Federal Reserve infused a pledge of a whopping $182 billion in taxpayer money in return for 92% ownership of the mammoth American International Group.

So, how'd that turn out for ya?

[SrWoodchuck]

Yes.

[Rheo]

Duh?

They will blame him for everything until the end of time.

[cudjo]

Is there anything that's not Bush's fault?

[Rheo]

Is there anything that's not Bush's fault?

In "THEIR" world, no,

 

I reject it and OBAMA OWNS it......all of it now.

[Argyle58]

Actually, no, he won't. Unlike the bailouts of Chrysler and GM, which were actually engineered to make profits for the unions, not the investors or taxpayers, the bailout of AIG and others in the financial sector actually worked and those companies are paying the money back. AIG alone has reduced it's debt to the American taxpayer by half.

 

Because it actually worked, The "o" will take credit himself for socking it to those "Wall Street Fat Cats" and averting a financial sector meltdown.

[Geee]

@Argyle58 - you got it!