So Who Gets The Credit


You know the Obama administration blames all of their problems and failures on George Bush, so I am amazed that after reading that they failed to point a finger in the other direction.

The U.S. government has hauled in about $4 billion in profits from large banks that have repaid their obligations from last year’s federal bailout, The New York Times reported Sunday.

Last September, Federal Reserve Chairman Ben Bernanke and then-Treasury Secretary Henry Paulson pressed congressional leaders for legislation authorizing a $700 billion financial bailout of some of the nation’s largest financial institutions, which were in danger of collapsing. The bill was signed into law in October.

So what we are seeing is a return on a program started by President Bush not President Obama. Where is the credit Mr Obama?

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Posted on September 1, 2009, in America and tagged , , , . Bookmark the permalink. Leave a comment.

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