Saturday, November 14, 2009

Spreading a big TARP over a sink hole

From Forbes.com: - the $700,000,000,000 bailout will most likely fail according to the government's auditor Neil Barofsky. Some programs, such as $50 billion in mortgage modification subsidies and incentives, were not designed with any reasonable opportunity for a return to taxpayers. . . As of Wednesday, the Treasury said it had received repayments of $73.02 billion and had collected dividends, interest and warrant sale profits totaling $13.03 billion. How did we get here?

Remember how TARP, Troubled Asset Relief Program, had to be RUSHED through with no thought or the world as we know it would come to an end? But never waste a crisis. Obama's thuggery has stolen our freedom and our economy . When the state controls the owners of business you have Germany in the 1930s and 1940s. When it owns the business you have post-1920 USSR. Are these the "progressive" choices you want--national socialism or communism? Didn't we fight this in WWII and even longer in a Cold War in Europe and some hot spots in Asia called Korea and Vietnam? Why did we ask such a sacrifice of generations of our military if we would just give it all away in an election?

And it continues unabated. Our elected Congress is being pressured to rush health care bills, rush climate change bills, rush anything called eco- or sustainable or green, rush confirmation of cabinet, czars and judges so only socialists and/or communists get a seat at the table, rush, rush, rush. Or Obama's plans could collapse. So far, he's won all the battles; his plan is working, folks.

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