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One advantage of having blogged for more than three years is that I have a LOT of posts to look back upon… and there are some really opinionated pieces lurking back there.
This one actually does push back into the early days of my blog… October 7th, 2008… as the financial systems of the country (and arguably the whole world) were on the verge of collapse.
At that time, TARP wasn’t something we talked about in the past tense. It was a brand new idea.
Honestly, at the time I thought it was what we needed to do. But now… not so sure. Of course, it is a LOT easier to make a decision when looking in the rear-view mirror than it is when looking through the windshield.
Through my connections on Active Rain, I know a particular guy that is a serious “financial wonk”. He tends to be well to the left of me on many issues, but as TARP was being debated in the public eye, he was VERY much opposed to it. He wasn’t a big fan of the alternative… but his reasoning pointed to TARP as being a long term issue…
And there is NOTHING I could say in response that had as much validity as what he was saying. But I stuck to my guns.
Now, I think he might have been right. Even using the 20/20 rear-view mirror, the best we can do is guess. We can’t know what would have happened had we taken the other path.
Here is the link again… Have you been left wondering how we’ve gotten here?
