Well considering this was Bill Clinton's doing, after all he signed the bill that forced mortgage companies to make loans out to people who couldn't afford them, and made it profitable at that by guaranteeing our money for other people's mistake. What transpired next was a huge boom in housing, followed by the crash as debt was not paid back. What Bush did in giving the first bailout package was wrong, not because it wasn't necessary, but because it didn't fix the problem. No legislation was passed to kill the previous bill, and 1.2 trillion dollars was passed out to companies that were still being forced to make the bad loans. Now we have Obama, he not only wants to keep giving out the money, but, being the geniouse that he is, he is only going to expand the TARP and HUD programs to ensure that the banks and lending companies make even MORE bad loans. No I see that in order for us not to get a whole lotta hurt, the bailout may have been necesary, but unless you fix the root cause, all you do is fead this beast. and mark my words, if we let it get too big, it will rip apart the chains binding it and go on a rampage unlike anything ever seen before.
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