Retiring Rep. Brian Baird (D-Wash.) said that Democrats wisely passed the 2008 financial rescue bill, but it cost them politically.If they let the Bush tax cuts expire they really will be punished. As will every American family.
Addressing the economic collapse of 2008 and the subsequent passage of the Troubled Asset Relief Program (TARP), Baird told The Hill, “Had we wanted to, we could have let the president, President Bush... stew in his own juices.”
Baird insisted Democrats did the right thing passing TARP, which was signed by President Bush in the fall of 2008. Most Democrats in Congress backed it while it faced more resistance from the GOP.
“We could have said, 'The economy is going to collapse. The world is going to go into a depression. You’re going to get the blame and your party is going to get the blame because you’re in power and we are going to ride this into the majority for the next 40 years.' That is what the Democrats could have done.”
Democrats “got punished” for supporting this legislation, Baird said.
Sunday, December 05, 2010
Democrat: We Were Punished for Saving the Economy or Something
How magnanimous of them. They save the world from an economic depression yet the stupid people punished them for it. How convenient he fails to mention ObamaCare as a reason why they were punished.
Posted by JammieWearingFool at 9:52 AM