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Dems Punished For Saving The Economy

From a seemingly straight-faced reporter at The Hill:

Dem: We could have let economy fall and been in majority for 40 years

By Michael M. Gleeson – 12/05/10

Retiring Rep. Brian Baird (D-Wash.) said that Democrats wisely passed the 2008 financial rescue bill, but it cost them politically.

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.”

Never mind that Mr. Bush and other Republicans had repeatedly tried to reform Fannie Mae and Freddie Mac and many of the other institutions that eventually crashed the system — aka "the juices." And never mind that they were shouted down by Democrats like Mr. Franks, Ms. Waters and Mr. Baird.

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.

How selfless of them. Except that we now know much of these TARP loans went to ‘fat cat’ Democrats on Wall Street and in big business, who in turn plowed back a lot of contributions to the DNC.

“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.

“There are a lot of American families and working families who would get clobbered if didn’t pass TARP [sic],” he said.

Mr. Baird’s logic is as confused as his grammar. TARP has done exactly what for "working families"? Kept unemployment down? Foreclosures down?

Baird is not a partisan Democrat. He has broken with his party leadership on the Iraq war, claiming a few years ago that the troop surge worked. He also led the charge to allow the public and lawmakers to read legislation before it is voted on.

Oh, my. What a hero.

Perhaps someone should explain to Mr. Baird that he and the rest of the Congressional Democrats have been in charge of the US economy, at least as much as anyone can be, since January 2007. (And, lest we forget, the Democrats talked us into the recession in the first place.)

Still, if what we have seen over the last almost four years is the Democrats’ idea of saving the economy, then maybe we should have tried the alternative.

After all, we have somehow gotten out of numerous recessions in the past without tripling the size of the deficit. And a helluva lot quicker, to boot.

This article was posted by Steve on Sunday, December 5th, 2010. Comments are currently closed.

4 Responses to “Dems Punished For Saving The Economy”

  1. Rusty Shackleford says:

    Dem: We could have let economy fall and been in majority for 40 years

    This is perhaps the most effed up statement I have ever read. This exemplifies the type of logic used by your typical bureaucrat socialists. They really are mentally ill.

  2. untrainable says:

    …led the charge to allow the public and lawmakers to read legislation before it is voted on.
    He may have led the charge, but releasing text of bills before they are voted on would require that the legislation actually be written before it’s voted on. That doesn’t seem to be the way things are done in Washington. Princess P’s “pass it then find out what’s in it” comments prove that.

    And why exactly is there a charge to let lawmakers read bills before they’re voted on? Was there ever a time where they weren’t allowed to read bills before voting on them? So Baird led a charge for lawmakers to actually DO THEIR JOBs? Too bad it didn’t work. How about leading a charge to get lawmakers to live up to their oaths? How about a charge to defend the constitution as written?

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