Some thoughts on the TARP loans of 2008:
About two years ago, we were told by then President Bush that our entire banking/financial system was about to fold like a house of cards and push us into a depression deeper ttthan anything previously experienced. Congress was put into emergency session and candidate McCain even suspended his presidential campaign to deal with the crisis. The original proposal was for loans without any conditions or strings to wall street. The Dems insisted on an accounting and some conditions. The Republican leadership in both the House and Senate urged its passage and it was passed and signed into law by Bush. About $800 billion was made available to banks and financial institutions. Later $55 billion was loaned to Chrysler and GM. Those loans saved a million jobs and are being paid back. Indeed it seems as if almost all the TARP loans will all be paid back.
However the tea party claims its hates the TARP bailouts and that the auto companies, and about a million auto industry related jobs, should have been permitted to go belly up. One wonders what Michigan would be like now had that happened.
Why then has wall street now made its biggest contributions to tea party senate candidates? Who are tea parties happy to accept their money?. On the House side, the biggest recipients of wall street money are republicans john boehner and eric kantor. When Congress passed mild wall street reform last year over Republican opposition, why were the tea partiers silent?
here's another article on the myth of voter fraud: