Someone is not receiving credit when it is due to him, and someone else is finding a way to claim such credit for himself.
It is now accepted as fact that the Banks who were lent tax-payer money by the Bush TARP Plan have been paying it back plus interest. The American people are actually making a profit off of the Bush TARP Plan. The Banks have been eager to return the money because they desired to free themselves of the hooks of Big Government. Again, the Banks are EAGERLY paying back the money.
So much money from the Bush TARP plan has been coming in that Obama is hoping to use it for his new “Job’s Creation Bill.” Interestingly, Obama claims his administration recovered this money. This is simply horse sh-t. Again, the banks were eager to return the money. Attempting to be the great “populist,” Obama then says his administration will go after every last dime of that TARP money, implying the banks have been resistant to return it.
So here are the omissions:
The Bush TARP plan was successful! Not only did it prevent total collapse of the American economy, it is producing profit for the American taxpayer. Bush should be given credit for this.
2. Obama is claiming credit for “recovering” the money from the banks. He should be pitied.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
6 comments:
Until I hear this from Maryland Public Policy Institute I won't believe this.
Seriously Joe while I'm not sure, I don't think this is true.
Many of the banks that received money from the Obama administration neither wanted it or needed it. The Obama administration forced them to take the money and then tried to control the banks, in the best spirit of Tony Soprano.
Libs have elected the enemy!
Responding to the 9:07 Village idiot:
After reading articles below, from the liberal Washington Post and the objective Wall Street Journal, is it possible that you might then be able to understand this and therefore start to accept it? If you still cannot grasp the concept, then I guess you are relegated to remain a liberal and therefore believe only what your emotions will allow.
Washington post:
http://www.washingtonpost.com/wp-dyn/content/article/2009/12/04/AR2009120402593.html
Wall Street Journal:
http://online.wsj.com/article/SB124450458046896047.html
When you think it's obama's stimulus, it's sh*t
when you think it's bush's, it's golden
9:08, no bank was forced to take it
supply bank names
plenty took it that didn't need it
our own fire department took funds it didn't need for a fire boat it didn't need
why don't you start there?
you people fret about the nation while it goes on under your nose and do nothing
If the banks don't want government control, why should we want our health care government controlled? At least someone in the banking system had the intelegence to see the writing on the wall.
Come on folks. So we allowed the Fed to print some money, which the Banks put into their supply as a data entry.
Then, the banks printed some more money, and gave it back to the Government. They printed a little extra for "interest".
Now, we the people will repay the banks for the money they printed plus some more interest.
Eveyone is happy - except for us - as we can't print our money. We have to earn it.
Ugh.
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