Dirigo High School Student of the Month

when the stock market started crashing is the one who bailed the banks out by creating TARP in October 2008. During that fateful week of September 2008, a half a TRILLION dollars was taken out of the money markets (offshore? Must have been because to this day no one has been arrested for the electronic run on the banks that day!) in 90 minutes. The Federal Reserve pushed $180 BILLION dollars onto the market to stave off a total collapse. It worked temporarily, but then Bush said it was time to bail the banks out. He created a $753 BILLION dollar TARP (protects ya from the bad weather!) bailout and before he left office, he took $353 billion and gave it out to the Big Banks without strings attached. The Big Banks went wild with their new found money! In fact, after Obama won in November 2008, the Big Banks were on a high again and when Obama in early 2009 after being sworn in started adding strings to the bailout money, that's when the republicans of the nation started calling him a big meaning to the banks.

Guess how much Bush's TARP has cost Americans so far? $7 TRILLION DOLLARS. Had George Bush decided to give every single American who filed a tax return in 2007 a $50,000 check, our nation would have flourished and he would have been a hero leaving his presidency, but he didn't do that. Sad.