All of this is true, but the implication when we say something like "most of it was paid off" is that the money has actually been returned. In reality, most of it was paid off using new loans that are not under EESA. I could say "I paid off all the credit card debt I accumulated in the last 5 years" after I get two new credit cards and transfer my balances to them, but it would be a bit underhanded to say that.
You mean to say Bush bailed out GM, Citibank, AIG and other long list of companies??? Please at least know a little about the subject before you jump in to comment.
People don't care, he gets blamed for stuff that happened before he was in office all the time. I've seen Republican members of congress publicly blame him for TARP too. The downturn we're in right now is the "Obama economy" even though it started before he was elected.
:)