TARP

From your previous articles I know that you are one of many experts, who say that the TARP bail out of the big banks saved us from depression, but there is no way you or anyone can be sure of this. The result of this government intervention has been to save the big banks. This was followed up with financial reform which made the banks that were too big to fail into banks that are now to big big to fail.
Now that the dust has settled and with the advantage of hind sight I propose that there was a better way to solve the bank dilemma. Instead of printing up over two trillion that has made the banks whole and made Wall Street rich, we could have spent 800 billion and saved the 4 million homes that were in jeopardy at the time. This would have paid in full these loans and allowed the people to remain in their homes and this would have allowed the banks to remain healthy.
Recall not too many years ago the idea of the pump was used to describe the different ways in which liberals and conservatives viewed the economy. Liberals said to prime the pump at the bottom by putting money in the hands of consumers who would spend it and increase demand, but the conservatives said to prime at the top by putting money in the hands of businesses, which would expand and hire. I thought either way was OK until when Reagan gave the breaks to business they didn’t expand and hire, but instead big businesses just bought out small business. Businesses discovered that it was more efficient to buy an existing business rather than expand their own business.
Now we look at Obama, the liberal and what his approach has accomplished. We have the big banks getting bigger and the “fat cat bankers” are getting fatter. Wall Street profits are up. For the middle class we have higher food and gas prices, slumping housing market, high unemployment and big time inflation on the way.
Also Obama the liberal and green guy has caused commodity prices to double by and triple by printing money and in conjunction with ethanol people in third world countries are suffering. You can’t print up trillions and not expect inflation and commodities are the first to be hit.