Five Years After the Big Bailout: Time to Begin Building a “New Economy” | Common Dreams

Five Years After the Big Bailout: Time to Begin Building a “New Economy” | Common Dreams: 

Five years ago today, on October 3rd, 2008, the federal response to the financial crisis began with the signing into law by then President Bush of the Troubled Assets Relief Program (TARP). After a half-decade of emergency measures—including not only the bailout, but the temporary nationalization of major auto manufacturers and round after round of “quantitative easing”—have we managed to put the economy back on a secure footing?