2 ms·
lionhearted, you're missing the point. This is not a partisan issue. Please tell me things are not so divided in this country that people read partisanship into
by jeromec 16y ago
lionhearted, you're missing the point. This is not a partisan issue. Please tell me things are not so divided in this country that people read partisanship into everything, even as far as HN.
T.A.R.P. was started and passed under George W. Bush. The people advising him, including Henry Paulson his Secretary of Treasury, and Federal Reserve Chairman Ben Bernanke were telling him the same thing. See here:
http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program
My point in posting here is not about partisanship, but about accuracy. Economics is a science -- not an exact one, but a science nonetheless. At its core economics is not about partisanship at all. People can probably turn anything under the sun partisan, but that's their problem. Believe it or not some people are able to focus on doing their job (and providing their opinion) in the interest of the country above partisanship, like current Secretary of Defense Robert Gates who is a Republican. Economists advising both sides of the aisle support the position I've outlined. I'm not going to to look them up for you, but you can feel free. I'll start you off. Look for the comment near this one by jbooth http://news.ycombinator.com/item?id=1901677 http://news.ycombinator.com/item?id=1901677.