Well, okay. At that point the Congress said, well, not one dollar of that TARP money has gone to buying bad debt. Instead, the Bush administration started nationalizing companies left and right. They bought up banks. They are now owned by the government. They bought up automobile companies now owned by the government. They bought insurance companies. They went on a shopping spree and nationalized the means of production in this country. Now we are at a place where you have Big Government in league with Big Business, the worst of both worlds for the people of this country. This is made worse by a recent Supreme Court decision that opened the channels for unregulated use of corporate funds to influence political elections.
Jared Polis: “Well, okay. At that point the Congress said, well, not one dollar of that TARP money has gone to buying bad debt.…”
Editor's note · Context
The speaker discusses the consequences of the TARP program and government intervention in the economy.
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