Today GM announced that they have paid back all of the money they received in the TARP program.
http://www.freep.com/article/20100421/BU...The Tarp program that was instated by Bush and his designed by his economic advisor Paulson, bailed out the banks and threw a lot of money at the bankers with few strings attached and little record keeping.
Under Obama's direction almost all of the money that was lent out under Tarp has been recovered with interest. GM is paying back their loan 5 months before expected. Certainly many of the bankers took advantage of the free money giving themselves obscene bonuses, but Obama put limits on their bonuses, which proved to be a powerful incentive for the banks to pay off their loans. The Tarp will only end up costing American taxpayers half of the money that was spent in the savings and loan bailout of the 80's under the first Bush, and may actually end up making a profit.
http://trueslant.com/rickungar/2010/04/1...Now Obama is charging Goldman Sachs for investment fraud
http://www.charlotteobserver.com/2010/04...and is about to pass a Wall Street reform package that will keep the economy from failing again.
http://www.cnn.com/2010/POLITICS/04/21/s...At the same time Obama's stimulus program has kept the United States from falling off an economic cliff into a great depression. The stimulus program reversed Bush's hemorrhaging of jobs, the economy has grown for the past five months, the stock market has grown by 70% The Dow is now 11,124, and March's Leading Economic Indicators increased 1.4% which marks the 12th straight month of improvements.
http://www.marketwatch.com/story/march-l...It is turning out that Obama may be the most effective president we have had in quite a while, despite the horrible problems he inherited from Bush, the complete economic meltdown, and the total obstructionism of all of the Republicans.