Let's Talk About Tiger!
*gah*
Ok—so the “average American” who took out a second on his house and bought a brand new Pious pick-up and a bunch o’ crap at Restoration Hardware WalMart is an idiot, right? He didn’t realize that his house was overvalued, but still—idiot.
So what does this make Congress?
The Treasury Department announced over the weekend that its TARP losses will be $200 billion less than expected. Banks are paying back money at an unexpectedly rapid pace. [well, AIG sold a coupla companies *to the Fed* and tapped their “credit line” further, so… yeah. kinda]
... that is left to decide is where the $200 billion in “found” money will go.
Here’s an idea: Give It Back. Take it off the debit side and pay down some debt.
Democrats and The White House will almost certainly want to put the money toward job creation to help the 7.2 million people who have lost jobs since the beginning of the recession and those who will lose unemployment benefits early next year.
Gubbmint Can NOT create wealth.
The debate about to occur will be over whether the $200 billion in TARP savings should be added to the stimulus package, moving the entire amount devoted to economic recovery to $1 trillion.
It’s like they’re trying to crash into a mountain....
Congress.
Texting while driving on the freeway.
.Posted by OregonGuy on 12/08/09 at 11:18 AM
Next entry: Kickin' It Spanish Inquisition Style
Previous entry: *runz skreaming*
