Quote:
Originally Posted by Tully Mars
Warren Buffett seems to thinks Bush et el did a good thing and probably saved the nation from a worse meltdown-
Source
I've been torn about the TARP program and whether or not it worked all that well. I do think it worked to some degree, I just question how much. I have gotten tried of the right blaming Obama for creating it when it was actually something Bush did on his way out the door. I also never liked how when the wall street CEO showed up then response was basically "how much do you need and when?" The when the CEO's from the auto industry showed up it was "How'd you guys get here?"
I've always respected Buffett but I'm not sure what to make of this move. Does he have other motives? Or is he just truing to poit put not everything the governemnt does is bad?
Thought? |
The difference between Bush's TARP and Obama's stimulus is that a significant part of the TARP money has been repaid. The stimulus? you might as well had an $800 billion bonfire.
Buffet's motivation? Maybe he thinks he's giving the government credit for doing something right. More likely setting the stage for justifying more bailouts down the line. As in Warren Buffet said it was the right thing to do last time, so we should do it again.