Oct 05, 2012 1:38 PM
I met a Tea Partier the other day and asked him, "didn't we socialize the American financial system while George Bush was president?"
He answered with an emphatic, "NOT POSSIBLE!"
I said, "Don't you remember when Hank Paulson said he needed $700 billion, 'quick and clean,' with no strings attached to spend as he saw fit?"
I told him, "The first time Congress voted on the $700 billion bailout it failed and the DOW sank 800 points the next hour."
The Tea-Partier thought that was funny.
George Bush made a speech from the Oval Office later that week saying "We need $700 billion to recapitalize the American financial industry."