This particular piece needs clarification: the Federal Reserve issued credit lines in September and October 2008 of $85 and $38 billion, respectively, and TARP (legislation created in 2008) funding of $40 billion was issued in November 2008. President Obama was inaugurated on January 20, 2009.
There are many calls in this Administration that merit critical comment (for example the failure to advocate more forcefully for the public option) but this one in particular can't fairly be laid at its feet.
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