--- title: "Meaning & Key Takeaway of: When Obama was inaugurated, he and his…" description: "\"When Obama was inaugurated, he and his team had an insight - though whether the insight was conscious or not I don't know. But it was this: The TARP $7..." image: "https://sms4smile.com/quotes/i/be2/john-podhoretz-4983_billions_when-obama-was-inaugurated-he-and-his-te_580449.jpg" --- # When Obama was inaugurated, he and his team had an insight… ![“When Obama was inaugurated, he and his team had an insight - though whether the insight was conscious or not I don't know. But it was this: The TARP $700 billion price tag was a new kind of model.” quote by John Podhoretz](https://sms4smile.com/quotes/i/be2/john-podhoretz-4983_billions_when-obama-was-inaugurated-he-and-his-te_580449.jpg) [Download](https://sms4smile.com/quotes/i/be2/john-podhoretz-4983_billions_when-obama-was-inaugurated-he-and-his-te_580449.jpg) [Open image](https://sms4smile.com/quotes/i/be2/john-podhoretz-4983_billions_when-obama-was-inaugurated-he-and-his-te_580449.jpg) > “When Obama was inaugurated, he and his team had an insight - though whether the insight was conscious or not I don't know. But it was this: The TARP $700 billion price tag was a new kind of model.” [John Podhoretz](https://sms4smile.com/quotes/author/john-podhoretz/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The $700 billion TARP represented a novel financial rescue model, reflecting a shift in how crises are managed. **In simple terms:** TARP was a new crisis‑response model. Key Takeaway Recognize how policy tools evolve in emergencies. Themes finance policy crisis management Mood cautious analytical Type political economic When to use this quote - economic downturn - bank bailouts - legislative debates - financial reforms Key Concepts government intervention risk mitigation public‑private partnership Questions to Reflect On - How do new financial tools change future policy? - What risks arise from large‑scale bailouts? A Different Perspective The model’s effectiveness depended on execution and political support. ★ ★ ★ ★ ★ No ratings yet [Price tag](https://sms4smile.com/quotes/about/price-tag/) [Tarp](https://sms4smile.com/quotes/about/tarp/) [Team](https://sms4smile.com/quotes/about/team/) [Wisdom](https://sms4smile.com/quotes/about/wisdom/) ## Related quotes > [By the time Obama came into office, Washington had already agreed over a period of a few weeks to a $700 billion government infusion…](https://sms4smile.com/quotes/john-podhoretz/by-the-time-obama-came-into-office-washington-had-already-agreed-over/) [John Podhoretz](https://sms4smile.com/quotes/author/john-podhoretz/) > [Obamacare, without a single Republican vote, cut $700 billion out of Medicare.](https://sms4smile.com/quotes/louie-gohmert/obamacare-without-a-single-republican-vote-cut-700-billion-out-of/) [Louie Gohmert](https://sms4smile.com/quotes/author/louie-gohmert/) > [Obama came in and gave $700 billion to the bankers off the top as opposed to giving $700 billion to the poor.](https://sms4smile.com/quotes/lupe-fiasco/obama-came-in-and-gave-700-billion-to-the-bankers-off-the-top-as/) [Lupe Fiasco](https://sms4smile.com/quotes/author/lupe-fiasco/) > [As a matter of fact, if you do not take into account, as Congressman Ross just stated, the Social Security surplus, our fiscal deficit,…](https://sms4smile.com/quotes/jim-costa/as-a-matter-of-fact-if-you-do-not-take-into-account-as-congressman/) [Jim Costa](https://sms4smile.com/quotes/author/jim-costa/) > [“The Department of Defense is the largest, most complex organization on the planet: three million people, civilian and military, with a budget, the last…](https://sms4smile.com/quotes/robert-m-gates/the-department-of-defense-is-the-largest-most-complex-organization-on/) [Robert M. 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No bargains, no sales.](https://sms4smile.com/quotes/keshia-chante/ladies-your-self-worth-is-like-your-price-tag-if-he-s-not-offering/) [Keshia Chante](https://sms4smile.com/quotes/author/keshia-chante/) > [You can't put a price tag on standards and legacy.](https://sms4smile.com/quotes/mike-tomlin/you-can-t-put-a-price-tag-on-standards-and-legacy/) [Mike Tomlin](https://sms4smile.com/quotes/author/mike-tomlin/) > [I should have checked the price tag before I gave them my last name.](https://sms4smile.com/quotes/george-strait/i-should-have-checked-the-price-tag-before-i-gave-them-my-last-name/) [George Strait](https://sms4smile.com/quotes/author/george-strait/) > [Our self-respect does not have a price tag.](https://sms4smile.com/quotes/nawaz-sharif/our-self-respect-does-not-have-a-price-tag/) [Nawaz Sharif](https://sms4smile.com/quotes/author/nawaz-sharif/) > [There's a price tag on everything including black people's lives and what they do with them.](https://sms4smile.com/quotes/vince-staples/there-s-a-price-tag-on-everything-including-black-people-s-lives-and/) [Vince Staples](https://sms4smile.com/quotes/author/vince-staples/) > [I wore the gold is symbolic of my African heritage. 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