How would you have voted for TARP (by party)?
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  How would you have voted for TARP (by party)?		 « previous next »
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Poll
Question: ?
#1
Aye (R)		  
#2
Nay (R)		  
#3
Aye (D)		  
#4
Nay (D)		  
#5
Aye (I/O)		  
#6
Nay (I/O)		  
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Partisan results
Total Voters: 75

Author Topic: How would you have voted for TARP (by party)?  (Read 1690 times)
RR1997
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« on: May 17, 2015, 03:17:44 PM »
« edited: April 10, 2016, 05:08:35 PM by RR1997 »
My opinion:

 Aye (enthusiastically) (R).

I don't care what people think, but this bill saved us from another Great Depression. Bailing out the banks was the right thing to do.
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bedstuy
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« Reply #1 on: May 17, 2015, 03:34:42 PM »
We didn't have a choice at the time.  Maybe there was a different way to structure it, but we needed something to fix the balance sheets of the big banks.  When you're facing total economic collapse, you don't make perfect the enemy of the good or get moralistic.
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Computer89
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« Reply #2 on: May 17, 2015, 04:40:51 PM »
Quote from: RR1997 on May 17, 2015, 03:17:44 PM
My opinion:

 Aye (enthusiastically) (R).

I don't care what people think, but this bill saved us from another Great Depression. Bailing out the banksters was the right thing to do.



AYE but I do believe that FED should have raised home intrest rates to 10-15% in 2005-2006 to lower housing prices
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AggregateDemand
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« Reply #3 on: May 17, 2015, 04:45:44 PM »
« Edited: May 18, 2015, 12:03:25 AM by AggregateDemand »
Despite Democratic insistence to the contrary, Republicans do not fashion themselves after Herbert Hoover.
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H. Ross Peron
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« Reply #4 on: May 17, 2015, 05:01:59 PM »
Aye reluctantly
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TDAS04
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« Reply #5 on: May 17, 2015, 05:02:45 PM »
Aye (D).  It was a horrendous necessity.  
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Hydera
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« Reply #6 on: May 17, 2015, 05:35:52 PM »
When i used to be tied up in that OWS movement it was a hardcore No. And after reading everything since then, a firm Aye.

The banks were at fault for helping money flow into subprime mortgages which tanked their balance sheets, But rejecting TARP would of been Cutting the nose to spite the face. And the recession much worse without it.
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Rockefeller GOP
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« Reply #7 on: May 17, 2015, 09:28:32 PM »
Quote from: RR1997 on May 17, 2015, 03:17:44 PM
My opinion:

 Aye (enthusiastically) (R).

I don't care what people think, but this bill saved us from another Great Depression. Bailing out the banksters was the right thing to do.
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TNF
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« Reply #8 on: May 17, 2015, 09:29:35 PM »
Nay (I/O)

Hang all bankers, etc
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Murica!
whyshouldigiveyoumyname?
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« Reply #9 on: May 17, 2015, 09:32:12 PM »
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Proudconnh
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« Reply #10 on: May 18, 2015, 09:45:48 PM »
NO! NO! NO!
When we look back, we see it was the only thing that prevented a 2ND Great Depression, but as a free marketer I vote nay proudly.
Nay (R-NH)
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TJ in Oregon
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« Reply #11 on: May 18, 2015, 09:48:57 PM »
Aye at the time without a doubt. Somewhat uncertain with hindsight (can we really justify letting everyone else get burned but save the bankers?) but probably still Aye.
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AggregateDemand
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« Reply #12 on: May 18, 2015, 10:19:49 PM »
Quote from: Proudconnh on May 18, 2015, 09:45:48 PM
NO! NO! NO!
When we look back, we see it was the only thing that prevented a 2ND Great Depression, but as a free marketer I vote nay proudly.
Nay (R-NH)

Did you have $500,000 in cash buried in the back yard?
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Proudconnh
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« Reply #13 on: May 18, 2015, 10:56:13 PM »
Quote from: AggregateDemand on May 18, 2015, 10:19:49 PM
Quote from: Proudconnh on May 18, 2015, 09:45:48 PM
NO! NO! NO!
When we look back, we see it was the only thing that prevented a 2ND Great Depression, but as a free marketer I vote nay proudly.
Nay (R-NH)

Did you have $500,000 in cash buried in the back yard?

No, I would probably suffer a lot, but then again if I was voting on the bill, I'm in congress and probably pretty well off.
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Wake Me Up When The Hard Border Ends
Anton Kreitzer
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« Reply #14 on: May 18, 2015, 11:07:33 PM »
Nay (R)
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Comrade Funk
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« Reply #15 on: May 19, 2015, 12:00:11 AM »
Sounds fun until you realize that doing nothing would have hurt millions (well, billions) of people.
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shua
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« Reply #16 on: May 19, 2015, 12:29:28 AM »
The banks' actions combined the greed of Mr Potter with the bumbling incompetence of Uncle Billy. But I would vote reluctantly to do what was necessary to bail out George Bailey and save Bedford Falls from falling.
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Sumner 1868
tara gilesbie
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« Reply #17 on: May 19, 2015, 12:45:10 AM »
An unequivocal and uncompromising nay (D).
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Goldwater
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« Reply #18 on: May 19, 2015, 12:48:52 AM »
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TNF
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« Reply #19 on: May 19, 2015, 07:42:39 AM »
Quote from: Comrade Funk on May 19, 2015, 12:00:11 AM
Sounds fun until you realize that doing nothing would have hurt millions (well, billions) of people.

>implying I would support 'doing nothing'

It's like you're incapable of devising a thought that doesn't have some connection to your own variety of right-wing American liberalism
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Gass3268
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« Reply #20 on: May 19, 2015, 07:56:41 AM »
Aye, but their should have been more strings attached to the money like their was for the auto bailout. The money should have had a high interest rate attached to it and after things were settled/the economy wasn't free falling the banks should have been broken up, restructured, and bankers that broke the law should have been prosecuted to the fullest extent of the law.
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SWE
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« Reply #21 on: May 19, 2015, 01:30:09 PM »
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Lief 🗽
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« Reply #22 on: May 19, 2015, 01:47:56 PM »
Voting no on this is an insane troll position, as far as I'm concerned.
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Atlas Has Shrugged
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« Reply #23 on: May 19, 2015, 01:50:13 PM »
No (R). If we all are going to eat s[INKS]t in another great depression, the banksters should be eating it with us.
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Oakvale
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« Reply #24 on: May 19, 2015, 01:54:38 PM »
Yes (normal). A lot of very courageous decisions in this thread. Bedstuy is obviously correct - to vote in favour doesn't mean that TARP was perfect, particularly since it ended up being an equity support scheme rather than actual toxic asset relief. Still crucial - it's not like recapitalisation is a bad thing.

Quote from: Lief 🐋 on May 19, 2015, 01:47:56 PM
Voting no on this is an insane troll position, as far as I'm concerned.

If the banking system collapses there would be a revolution

Quote from: Sanchez Stands With Rand! on May 19, 2015, 01:50:13 PM
No (R). If we all are going to eat s[INKS]t in another great depression, the banksters should be eating it with us.

So your logic is "we should have let the banking system collapse and caused a second Depression so that the bankers would suffer"?
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