Posted on 01/02/2011 11:28:14 AM PST by BenLurkin
The incoming House Oversight and Government Reform chairman on Sunday tried to clarify his recent remarks to Rush Limbaugh where he called President Obama "one of the most corrupt presidents in modern times."
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"When you hand out $1 trillion in TARP (Troubled Asset Relief Program) just before this president came in, most of it unspent, $1 trillion nearly in stimulus, that this president asked for, plus this huge expansion in health care and government, it has a corrupting effect," Issa said on CNN's "State of the Union."
Although TARP – the program passed in 2008 intended to strengthen the financial sector by purchasing assets from financial institutions – was passed by Congress under the Bush administration, Issa said the unregulated funds were used by Obama like "presidential earmarks."
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"All of that would not have been possible if Congress had done its job," Issa told CNN Chief White House Correspondent Ed Henry. "Instead what happened was we gave President Bush (the money and) President Obama inherited $800 billion worth of walking-around money with no guidelines."
(Excerpt) Read more at politicalticker.blogs.cnn.com ...
Barry and his boys have taken corruption to a whole new level.
He's EXACTLY right....
TARP was used to bail out favored Lobbyists and Campaign Contributor constituencies (Unions, Bankers, and Lawyers), PLUS redistribute lots of "Whitey's Wealth" to those poor inner-city parasites:
Nothing but more vote-buying on the Taxpayers' dime....
This is not corruption..this is burning down the house. Even a crook has enough sense not to burn down his own flippin house.
711?
How about 4 1 9
You're thinking of old fashioned crooks. The type we're now dealing with are pictured just above, in post #5. If you looking for "sense not to burn down his own house" there, well...
Ahh-shucks, you're making me blush!
Signed,
B. Hussein Obama
Incompetence and corrupt are a dangerous combinatin.
Pray for the Tea Congress
Corrupt is so mild of a word to call the Odumbo Administration. CRIMINAL IS A MUCH BETTER WORD TO USE.
“Whitey’s Wealth”
What’s that, something Rush Limbaugh thinks black people talk like?
“The type we’re now dealing with are pictured just above, in post #5.”
Those are Black Friday shoppers. Not Wall Street white people. Or Congressmen.
In fact, I would guess those people at #5 have absolutely no control on the corruption, debt and lawlessness fostered by Congress and abetted by all sorts of idiots and libertarians and profiteers.
Alright, I’m trying to relax here and watch the Pats destroy the Dolphins.
hussein has had and has BILLIONS to funnel to his friends and eventually back to himself.
Time for me to shut FR down for a few hours before i freak out...
In fact, I would guess those people at #5 have absolutely no control on the corruption, debt and lawlessness fostered by Congress and abetted by all sorts of idiots and libertarians and profiteers.
Wall Streeters and Congressmen, as you put it, are among the class of crooks that "have enough sense not to burn down his own house."
I lived in West Philly for years. I know what I'm talking about.
ObamaCash...got it from his stash.
They need to tackle systemic voter fraud before next election.
It really annoyed me big time that Bush put no limits on bank executive bonuses and related compensation. It is now my understanding that most of th TARP funds will actually be repaid, and that a profit is even being talked about.
Now that’s what I’m talking about
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