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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>More Journalists Dignifying "TARP Was a Success" Propaganda | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="FAQSGSJhRL"&gt;&lt;a href="https://www.nakedcapitalism.com/2011/04/more-journalists-dignifying-tarp-was-a-success-propaganda.html"&gt;More Journalists Dignifying &#x201C;TARP Was a Success&#x201D; Propaganda&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2011/04/more-journalists-dignifying-tarp-was-a-success-propaganda.html/embed#?secret=FAQSGSJhRL" width="600" height="338" title="&#x201C;More Journalists Dignifying &#x201C;TARP Was a Success&#x201D; Propaganda&#x201D; &#x2014; naked capitalism" data-secret="FAQSGSJhRL" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>I hope NC readers don't mind my belaboring the issue of the TARP's phony success, but every time I see the Administration's propaganda parroted I feel compelled to weigh in.  The trigger was an effort at a balanced assessment by Annie Lowrey at Slate, to which I have some objections, followed by some shameless and misguided cheerleading by Andrew Sullivan:  But two years ago, I sure didn't expect the government to make a profit from TARP. And I sure didn't expect the auto bailouts to become such huge successes.  What's surprising to me is how pallid is the Obama administration's spin has been on this. I never hear them bragging about how they managed to pull us out of the economic nose-dive we were facing. I know why: the recession isn't over, even if TARP was a success, no one wants to hear about it, etc. But it's one of the strongest and least valued part of Obama's record - along with the cost control innovations in health insurance reform.  At some point, you have to stand up and defend your record. No doubt Obama is biding his time on this. But count me as surprised as I am impressed.</description></oembed>

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