Was McCain for the TARP before or after it was revealed that Paulson lied about the intent of the program?
There were many of us (myself included) who thought that a quick infusion of liquidity might loosen things up enough to get the machine working again. Kinda like a financial WD-40.
When the lending contracted further, and it became obvious something was wrong, we got a bit of buyer's remorse. When Paulson came right out and said that TARP was never intended to be used for lending, we were furious.
We have been royally had.
brian · March 4, 2009 11:59 AM
My bumper sticker would be Don't blame me, I tried to warn you
I wonder - did people put bumper stickers on their cars in the mid-1930s that said "Don't blame me. I voted for Hoover!" or Landon.