Clunkers

There’s not much question who was in the driver’s seat when the economy first went off-road.  Bush careered between the Bear Sterns bail-out, Fannie Mae/Freddie Mac takeover, loans to AIG and GM, and the 700 billion dollar TARP. (Go here for an excellent bail-out timeline by ProPublica.) (And here’s the story in a Nov. 2008 cartoon).  Obama then grabbed the wheel and put the pedal to the metal with the 800 billion dollar stimulus.  At that point Krauthammer says, “Obama bought the economy”.