On TARP, The “Experts” Were Wrong

by Sal on October 27, 2009

in Economy,Politics

The Wall Street Journal, originally one of the biggest supporters proponents of the Troubled Asset Relief Program (TARP), wrote an editorial today about how they were wrong in pushing for its passage, and that it needs to end immediately.  Unfortunately, the Obama administration is in no rush to end the TARP Program.  The Journal now realizes what many of us on the Right said a year ago; that the government cannot be trusted to manage a little league team, and that the government “ownership” of the banks would lead to trouble.  Now, the government is reaching its tentacles into the operation of our entire financial system, even those banks that were pressured into accepting TARP money that they didn’t want.  This is one situation where I wish that I had been wrong.  Somehow, I don’t get any satisfaction out of saying “I told you so.”

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