alt.politics: Bush told Paulsen: "You can be damn sure I'll be Roosevelt, not Hoover!" Then he approved TARP!

In the final chapter of his memoir, "Decision Points," as Bus describes it, he had just been told by Treasury Secretary Hank Paulson that they should spend hundreds of billions of taxpayer dollars to buy up mortgage assets, and he -- Bush -- approved the plan in full.

If we're really looking at another Great Depression," he recalls saying, "you can be damn sure I'm going to be Roosevelt, not Hoover."

By Tea Party doctrine, that's heresy.

You want more heresy? In "Decision Points" Bush doesn't back off at all from his defense of the auto industry rescue and the federal ownership of financial companies.

The strategy was a breathtaking intervention in the free market," Bush writes of the TARP bank-bailout program. "It flew against all my instincts. But it was necessary to pull the country out of the panic. I decided that the only way to preserve the free market in the long run was to intervene in the short run.

TEA BAGGERS ARISE! THIS HERESY MUST BE PUNISHED.

source: Newsgroups: alt.politics

From: Kickin' Ass and Takin' Names <PopUlist...@hotmail.com>

Date: Thu, 11 Nov 2010 14:13:46 -0500

Local: Thurs, Nov 11 2010 2:13 pm

Subject: Bush told Paulsen: "You can be damn sure I'll be Roosevelt, not Hoover!" Then he approved TARP!

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