Bush Gives Rest Of TARP To Obama

The Bushies did something that many are calling gracious and magnanimous. They announced they wouldn’t spend anymore of the TARP money unless absolutely necessary.

I agree that a lame duck administration shouldn’t be spending vast sums of money at this point in time, particularly when it involves the fundamental reordering of the economic system of the United States. I doubt, however, that their motives are all as high-minded as many would suggest. Simple political logic says you get out of this as soon as you can and let the other party take the arrows in the back.

So, a good move but one that probably isn’t as high minded as they would have us believe.

Tom Lindmark

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