Actually the Bush Banking Bailout seemed to have actually accomplished a few things. It stabilized the banking mess that had been created by Barney Franks and all the liberals/democrats that believed that everyone had a Right to a house, even if they couldn't pay the mortgage. Its cost was around 700 billion initially, but Obama has continued even more bailouts since. His administration has bailed out more banks, GM, and of course 850 billion dollar "stimulus package". Total over One trillion dollars since Obama took the oath. The banks are at least paying the bailout money back. |