Quote:
Originally Posted by Tyrone Slothrop
Hank, look away while I criticize Obama for a bit.
The mistake was not that he saved the banks. And thank God he did, because the history I just read of the Great Depression shows how poorly that could have gone. The mistake was that he wasn't willing to go farther, to bail out homeowners as well as the banks that loaned them money, to err on the side of caution and doing less, and then to pivot to a self-defeating austerity. These were policy errors and also political errors.
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hmmm. I can’t imagine how much it would cost to do all that, but given how tight it was to get ACA through, I wonder if saving all those homeowners wouldn’t have killed ACA?
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