Revise history much?

"The Emergency Economic Stabilization Act of 2008, often called the 'bank bailout of 2008', was proposed by Treasury Secretary Henry Paulson, passed by the 110th United States Congress, and signed into law by President George W. Bush. The act became law as part of Public Law 110-343 on October 3, 2008" ... three months before President Obama took office.

I don't disagree with your basic analysis, but let's place the blame where it actually belongs: on fiscally "conservative" Republicans bailing out their golf buddies. Thanks.