Golden Tankard

Kave8991

Joined: 12/5/14 Posts: 2382
Likes: 589


Without TARP and the Reinvestment Act we would have sliped


into a full Depression. And yes, I do give some credit to GW for starting TARP. Without it, the entire financial industry would have collapsed.

The Reinvestment Act (Stimulus) prevented a second recession that could have turned into a depression. It created or saved an average of 1.6 million jobs a year for four years. It raised the nation’s economic output by 2 to 3 percent from 2009 to 2011. It prevented a significant increase in poverty — without it, 5.3 million additional people would have become poor in 2010.

So, yes, it worked.


(In response to this post by JS-Pir)

Posted: 10/11/2017 at 11:37AM



+0
Current Thread:
  A source that was so trusted it sold for a dollar -- Paleales 10/11/2017 09:26AM
  They dont call him President Manbaby for nothing. ** -- sandpaper 10/10/2017 5:20PM
  The sad part for you is the country is experiencing better -- greensboropirate 10/10/2017 4:36PM
  Then please explain -- SJCPirate80 10/10/2017 6:20PM
  Bwahahahaha..........Not even close ** -- gvegaspirate 10/11/2017 11:43AM
  That’s easy. -- bucinor 10/10/2017 7:37PM
  Wow I'm really impressed -- SJCPirate80 10/10/2017 10:17PM
  Clarification. -- bucinor 10/10/2017 10:57PM
  Why weren’t the economic numbers as good when -- greensboropirate 10/10/2017 5:40PM
  Do you realize how silly you sound saying that? ** -- trinitypirate 10/10/2017 5:16PM
  I see you have no answer. ** -- trinitypirate 10/10/2017 9:38PM
  Keep telling yourself that. ** -- greensboropirate 10/10/2017 5:06PM
  It's true, facts don't lie. ** -- Kave8991 10/10/2017 5:07PM
  Facts are not your strong suit. ** -- greensboropirate 10/10/2017 5:09PM
  Here are the facts -- Kave8991 10/10/2017 5:12PM
  FACT: the unemployment rate and -- greensboropirate 10/11/2017 07:17AM
  I asked you below to actually explain how..... -- JS-Pir 10/10/2017 6:03PM
  Here you go -- Kave8991 10/10/2017 7:11PM
  But he's a business man! ** -- ecudmarsh7 10/10/2017 3:31PM

Support BYB: Shop at Amazon!

vm314