The TARP program is a liferaft with a hole in it. The ship has already gone down.
To the Tune “When You Wish Upon a Star”
When you wish upon a TARP
Makes no difference if you’re a member of AARP
(your turn for the next two lines)
(this could be fun)
Bumped and bookmarked.
The government bet of sub-prime loans via Freddie Mac and Fannie Mae, the signs were there, certainly as of 2002. And, as gambling addicts do, they refuse to examine how we got here. We don’t even criticize the incompetents, public or private. The answer is to take out a marker and split a pair of threes in the last big hand of blackjack. Good luck with that!
I wish some economist - just one - would talk about the negative return on money invested in the govt.
That is: For every tax dollar they take in we get about sixty cents back (IMO) as a return. Govt. cannot create anything. And, when Obama talks about govt. creating jobs I want to scream. Government spending is always a negative on the economy.