Rep. Baird: Dems Could Have Blocked Bush’s TARP, Let GOP ‘Get the Blame’
December 6, 2010
(ChattahBox Political News)–A number of retiring Democratic lawmakers and those who lost their reelection bids, have been taking a look back at the last two-years marked with Bush’s unpopular TARP bailout, President Obama’s Stimulus bill and successful auto rescue. Although the Bush administration’s policies caused one of the worst economic recessions since the Great Depression and a near collapse of our entire financial system, voters blamed the Democrats and the Obama administration for the mess in the “shellacking” of the November elections. Retiring Rep. Brian Baird (D-WA), in office since 1999, made the observation, that if Democrats had acted like the current scorched-earth partisan Republicans, they could have filibustered the TARP bill and gloated, while letting Bush “stew in his own juices.” And as a result, the Democrats would still be in the majority. Baird’s remarks illustrate the differences between the Democratic Party and the modern-day fringe right-wing Republican Party. Democrats care enough about our country and its people to make politically damaging decisions and Republicans do not.
Baird made his remarks to The Hill newspaper.
“Addressing the economic collapse of 2008 and the subsequent passage of the Troubled Asset Relief Program (TARP), Baird told The Hill, “Had we wanted to, we could have let the president, President Bush… stew in his own juices.”
“Baird insisted Democrats did the right thing passing TARP, which was signed by President Bush in the fall of 2008. Most Democrats in Congress backed it while it faced more resistance from the GOP.”
“We could have said, ‘The economy is going to collapse. The world is going to go into a depression. You’re going to get the blame and your party is going to get the blame because you’re in power and we are going to ride this into the majority for the next 40 years.’ That is what the Democrats could have done.”
The majority of Democrats realized average Americans would have suffered if TARP wasn’t passed and they acted like responsible lawmakers.
But at the time, many Republicans would still not support Bush’s bailout– economic collapse and human suffering be damned, even though their careless policies caused the meltdown.
And if that means sabotaging any hopes of an economic recovery, before the 2012 elections to further weaken President Obama, so be it.
The fact that millions of American families may suffer in the process doesn’t even enter into their crass political equations.
Andrew Sullivan of the Atlantic, recently penned a piece that perfectly describes the un-American scorched-earth politics of Republican lawmakers, seething with hate for President Obama.
The title says it all: “The Dickishness Of The GOP.”