It is? So you are saying the Republicans wanted to do this and now obama is using it?
The reason I see this as being bogus is that the banks are still asking for more bailout money.
There is also no guarantee that we wont have another meltdown.
If they were serious about cutting the budget deficit they would cut the PORKULUS “stimulus” money of which they haven’t even spent 50%. (Not sure what the correct number is now).
This is smoke and mirrors. When more money is needed for our financial system they will just create it. If stimulus money is used to do the same, they actually have to vote for more money.
Imagine if they used 500bill from stimulus and 500 bill from TARP...but no they prefer to enlarge governments role.
RE :”It is? So you are saying the Republicans wanted to do this and now obama is using it?”
Sorry, A number of republicans ‘called on’ Obama to not spend the stimulus and MSNBC Schulz, Maddow, Olbermann made fun of them for not caring about jobs. Cavuto was on this even before the stimulus passed.
TARP is even less popular, even with liberals, so this makes political sense to claim this. Not sure what republicans said about TARP spending though doubtful they wanted him to spend it.