re: #781 NJDhockeyfan

He borrowed 3 tril because Bernanke, Paulson, Volcker, et al. told him the entire economy would collapse otherwise. Much of the money was paid back by banks and car companies, so it’s not a net loss of 3 tril.

Most of the borrowing was for bailouts and stimulus. So again, I’ll ask the question: should Obama (and Bush before him) have just let banks and insurance cos. fail, causing the whole econ to go into a 1930 type free fall?