If you liked the TARP bailout, you’re going to love the coronavirus bailout
by David Leach • March 17, 2020 Do you remember how George W. Bush attempted to redefine conservatism when he adopted “compassionate conservatism†as a pillar of his presidency? Besides the obvious socialist implications that conservatism wasn’t compassionate, what “W†was really saying is that he held the same ideals we find in the current attempt to redefine conservatism as nationalism.
In other words, Bush didn’t believe the free market could be trusted to address America’s ills at the time without the assistance of big government.
Before he left office in 2008, Bush exploded government spending and created new entitlement programs like Medicare Part D. Near the end of his presidency, he “abandoned free market principles to save the free market†with the first $700 billion Troubled Asset Relief Program (TARP) — Obama’s was the second — to bailout the banks during the sub-prime mortgage crisis.
<..snip..>
https://www.stridentconservative.com/if-you-liked-the-tarp-bailout-youre-going-to-love-the-coronavirus-bailout/
