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To: QT3.14

Instead of the TARP monies going where obozo said it was going to go, repairing the US infrastructure (remember the shovel ready jobs), he fraudulently gave most of it to democrat cronies who (supposedly) invested it in business adventures (that failed) and this is the result, a still crumbling infrastructure that is now causing the deaths of Americans. Better yet, now Congress wants to tax us more to garner more money to start fixing our national infrastructure. Anybody in the Federal Government gone to jail yet for all of their fraud and theft?? Prayers for that family.


34 posted on 04/14/2015 2:50:25 PM PDT by drypowder
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To: drypowder
The reason that there were no shovel-ready jobs was because of environmental regulations and Environmental Impact Statements (EIS). The EPA permitting process sometimes takes more than a decade.

Obama could have signed an executive order suspending the EIS requirement for these projects, but that would have infuriated the environmental lobby. He chose to let some of that money go elsewhere. But most of it is siting in escrow, waiting for the permitting process to run its course, before being spent. In Washington, there were three separate major tranches of money, and that money is sitting in government bonds until the projects are green lighted by the EPA.

35 posted on 04/14/2015 2:57:23 PM PDT by Publius ("Who is John Galt?" by Billthedrill and Publius now available at Amazon.)
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