The Point about TARP, the Auto Bailout and Sanders

[Motown_Johnny]

10. No, Clinton was lying.... again.

Bernie always supported the auto bail out. You can spin it if you want but that doesn't change things.


There is a week to beat Clinton over the head with this in Ohio. She better strap on a hard hat and take some aspirin.



http://www.thenation.com/article/democrats-who-voted-against-tarp-funds-say-it-wasnt-about-the-auto-bailouts/

^snip^

Sanders objected strenuously to the charge, and said Monday that Clinton “went out of her way to mischaracterize my history.” He said his vote against releasing the TARP funds was based on opposition to the Wall Street bailout and how it was conducted, and pointed to an earlier vote in December 2008 in which he supported direct help for the automotive industry.

Eight Democratic senators voted the same way as Sanders that day, and three—Jeanne Shaheen, Maria Cantwell, and Ron Wyden—are still in office.
When The Nation reached out to each senator on Monday, both Cantwell’s and Wyden’s offices pushed back on the idea that their vote was “against” saving the auto industry, and echoed Sanders’s broader concerns about what was happening at the time with TARP money. Shaheen’s office did not reply to several requests for comment.

“Sen. Wyden opposed TARP because it failed to provide strong consequences for managers and equity owners of failing firms,” said Keith Chu, a spokesman for the Oregon lawmaker. “In his view, the best way to prevent future bailouts was to ensure those who carried out reckless business practices and those who profited from them paid a high price for destabilizing the US economy.”