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The Myth of the Wall Street Bailout

A commenter at Power Line writes astutely on the myth of a Wall Street bailout, noting that Wall Street banks were not the target of TARP and illustrating the vast differences between TARP and, say, the auto bailout. By way of introduction, John Hinderaker writes:

I used to think that revisionist history could be written only after lots of people who know better have died. Over the years, however, I have realized that this isn't true. It is common to see history rewritten before our eyes. Still, even in that context, the myth of the Wall Street bailout is remarkable.

Categories > Economy

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"Still, even in that context, the myth of the Wall Street bailout is remarkable."

So is the myth that Barack Obama was the messiah and was going to fix the all the mistakes that Bush made during his presidency.

Unfortunately, we are still waiting for the Messiah and all Barack does is blame Bush for everything. The country is in worse condition that when Bush was president.

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