Date registered: Sep 2004
Vehicle: 2014 E250 Bluetec 4-Matic, 1983 240D 4-Speed
Mentioned: 3 Post(s)
Quoted: 256 Post(s)
I would agree Coburn didn't entirely earn the "partisan hack" handle in the two answers you got via email from him. He does step off the non-partisan hack base when he suggests the issue at hand is Obama and forgets to acknowledge the first 350 Billion dollars were doled out without any transparency by Bush, not Obama. Obama has made transparency a feature of the second $350B, also not mentioned.
He does make a good point that all of Congress should respond to - the TARP was not intended to be used the way the first $350B have been used. That is just unsatisfactory, kind of like Bush's signing notes on bills that make them pointless once passed.
I think the man's record, though, and his perspective in the documents you quoted, QBN, do make him a bit suspect. The context is less of an open admission that his past collaborative performance has brought about a set of conditions no one wanted resulting in a cure that no one wants even more, and that the first set of pills of the cure seem to have been expensive placebos makes it even more important that the rest of the cure be administered with greater care to ensure it is effective than it is an opportunity to hold the new boss responsible for the effectiveness of the entire cure, even the part the old boss apparently allowed to be switched out for junk.
But I agree with his point - the cure has to be made effective, so it needs to be administered with care and oversight and a periodic assessment of progress that becomes a go - no go gauge for administering more of the same cure. If it is not working, a new cure is needed. Not nothing.