W and the Crisis Ten Years On

Longtime reader(s) know that despite our MAGAness and general deplorability we remain stubbornly supportive of W and his presidency.

Bush 43 was a good president, here's one of the main reasons why:

The day after Lehman Brothers failed, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke went to President George W. Bush with bad news. Insurer American International Group Inc. needed $85 billion or it, too, would collapse.

Though unhappy and frustrated, Mr. Bush approved the loan, saying, “If we suffer political damage, so be it,” Mr. Paulson later wrote.

Scholars of the crisis rightly focus on the decisions that the three crisis managers—Mr. Paulson, Mr. Bernanke and New York Fed President Tim Geithner—made to rescue the financial system. Though unpopular at the time and still second-guessed, their actions were vital in avoiding a second Great Depression. Yet most would have been impossible without the president’s support, which Mr. Bush gave unreservedly from start to finish.

That's leadership. That's making the tough call. That's staving off the next depression.

Recall that TARP was 100 percent paid back.

One day people will tell their grandchildren they voted for W.