Posted on 10/30/2009 8:04:43 AM PDT by EternalVigilance
Why don’t you give us your succinct explanation of what you think the “original intent” of TARP was, then.
A third party will emerge for the 2012 election and that third party candidate may very well win.
I've done exactly that on numerous occasions here on FR.
Here are just a few of the posts I've made on the subject that I saved. Feel free to go back through my “In Forum” posts to find others.
My FR posts on the financial collapse and the Kanjorski tape:
9-20-09 http://www.freerepublic.com/focus/news/2343569/posts?page=22#22
Also see posts 24, 27, 30 and 36 in above thread
5-28-09 http://www.freerepublic.com/focus/news/2260007/posts?page=76#76
4-16-09 http://www.freerepublic.com/focus/bloggers/2229875/posts?page=24#24
3-10-09 http://www.freerepublic.com/focus/news/2203102/posts?page=16#16
3-4-09 http://www.freerepublic.com/focus/news/2199084/posts?page=41#41
Fact Sheet: A Strong Bipartisan Proposal to Stabilize Our Financial System 9-29-08
It is expected that much, if not all, of the tax dollars invested by the Federal government into these troubled financial institutions will be paid back over time. Under the purchase
program, the government would sell the acquired assets, with the proceeds going back to the Treasury, to offset much, if not all, of the initial cost, and under the program to guarantee troubled assets, the Treasury Department would charge risk-based premiums to cover any anticipated claims.
http://georgewbush-whitehouse.archives.gov/news/releases/2008/09/20080929-2.html
MORE:
http://georgewbush-whitehouse.archives.gov/news/releases/2008/09/20080930.html
VP Cheney discusses TARP funds, 1-9-09:
“I think we've had significant positive impact in terms of being able to guarantee liquidity of the financial system, adequate capital in the banking system and so forth, and that's crucial.”
“But financing is different, the financial system is different. That is a federal responsibility, with the Federal Reserve, the Treasury — the producer and keeper of the value of our currency and all the regulation that's involved — the SEC and so forth. When the financial system is threatened, only the federal government can fix it, and that's what we've been doing.”
http://georgewbush-whitehouse.archives.gov/news/releases/2009/01/20090111.html
I would conclude the task is too difficult. Conservatism assumes people want to work to get ahead.
Thanks for the information. I was not familiar with AIP. I’ll look into it.
I live in Sheila Jackson Lee's congressional district in Houston, which was once held by George Herbert Walker Bush and then by Barbara Jordan for years.
Before Sheila had it (and her majorities run to 75% year after year), her predecessor was a shambling, worthless lawyer-bum named Craig Washington. Washington had snappy clothes, scummy friends and worse associates (one of his legislator pals in the Texas lower house was found dead in the middle of the day on his hideaway office-boudoir king-sized bed, his nose full of cocaine and other drugs, wearing only a condom, a full erection, and a smile), and he ignored the district assiduously while hobbing and nobbing with his bro's in the DC Congressional Black Caucus.
One year after many tales of malfeasance and inattentiveness to constituents had drawn a vigorous and intelligent Republican opponent named Ed Blum (a bond broker at Paine Webber), Washington accepted Blum's challenge to debate the issues publicly, in a public forum.
The "debate" was a disgrace. Washington came unprepared and obviously uncaring, he had no answers to questions of fact and fumbled and fooled around whenever it was his turn to speak. When asked a question by his opponent, he'd shamble and smokestack, saying things like "Well, I guess you've got me there", until the whole thing began to be revealed for what it was -- a gigantic diss of his opponent, an elaborate insult to both Blum and some of the voters.
Then Washington won the general election with 74% of the vote.
That's what we're talking about in these gerrymandered districts, in which a few honest voters are pent up with a racist horde who only vote skin color on election day, and the only issue is "who is blacker?" or "who is more authentically black?" That's all the black racists want to know. And there is no way they are not voting for Maxine or Cynthia McKinney or Sheila, come hell or high water. They're bad citizens and they don't care -- or rather, they do care: they care about being bad citizens, and they care about taxing white people and then wasting the money if need be, lest any of it find its way back to the original owners. They care about that.
Get the picture now?
A fundamental difficulty, I think, is that both parties are so deeply entrenched in lies that it would be impossible for a truly honest politician to be a member of either. Such a person would either have to either expose the well-entrenched lies of his own party (not likely) or else ignore the lies and quite possibly have to pretend that they are true (difficult or impossible for a truly honest person).
WE have the power to fire you or remove you by other means. You make the choice.
2010 and 2012 are gonna be bad elections to be an incumbent.
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