SHOCK: TARP Is Not Delivering


Excuse me while I heave into the bucket that is now stationed next to my desk.  Neil Barofsky, the inspector general for TARP, in his latest report, states that a TARP program for small business lending (March 2009) has not yet been implemented.  Whiskey Tango Foxtrot Award to the Treasury and TurboTax Timmie anyone?

TARP ain’t getting the job done? I would be laughing my a** off if this situation wasn’t so tragically disastrous to the entire nation and our childrens’ futures.

The next question would be: Who are the stupid Americans?  The Elites or the Tea Party Patriots that were against ALL of these programs because we knew it wasn’t going to help average Americans keep their jobs, homes, savings…

Report: TARP benefits have fallen far short

The $700 billion bailout program for the financial industry has so far done little to boost bank lending, aid small businesses or reduce home foreclosures, a top government watchdog said in a report.

Neil Barofsky, the special inspector general over the Troubled Asset Relief Program (TARP), said in a report that while the bailout has helped stabilize the financial system, many of the program’s original goals have not been met.

“Lending continues to decrease, month after month, and the TARP program designed specifically to address small-business lending — announced in March 2009 — has still not been implemented by Treasury,” Barofsky wrote in the report. “The TARP foreclosure prevention program has only permanently modified a small fraction of eligible mortgages, and unemployment is the highest it has been in a generation.” (Editor’s note: AYFKM?)

The Obama administration is urging Congress to pass an additional fiscal stimulus measure, or “jobs bill,” early this year to help bolster the economy. Lawmakers are anxious about the economy weighed down from 10 percent unemployment and ongoing weakness in the housing market.

This is a perfect representation of why Americans are mired in the indecision about whether the elites are doing this on purpose, or if they are just plain stupider than 75% of the country.  I’m voting for the former, and looking for outsiders to run against the District of Criminals’ squatters.  Besides, if they are stupider than average Americans, why are they in office?  Once again, Too Stupid or Too Dangerous?

7 Responses to SHOCK: TARP Is Not Delivering

  1. They know very well what they are doing. It’s to destroy our economy and put us in poverty so they can further oppress us. My big question has been, what makes them even think that they are better than us? How come THEY are the “elite”! Very soon they are going to be reminded that we are their bosses. Today the Articles of Freedom, the document of Continentil Congress 2009, will be ratified and then it will be presented to the criminals. We’ll see what happens after that.

  2. After President Waste of Sperm trumpeted as a success a local business here in Phoenix with his stimulus scam, I looked up the unemployment rate. December unemployment rose from (official numbers) 8.9% to 9.1%. Of all my friends in this city, about 1/2 are unemployed. Excuse me while I gag AND puke…….

  3. THEY ARE INCOMPETENT ASS WIPES WHO SHOULD BE JAILED FOR WHAT THEY HAVE COVERED UP !!!!

    I WILL VOTE THESE CROOKS OUT OF OFFICE ALONG WITH MY CROOKED SENATORS TOO!!! FOR NOT REPRESENTING THE PEOPLE .

  4. I personally think they are incompetent and deliberately dividing this country by class, rich or poor. This would eliminate the middle class and force the poor to be dependent on the government to control their lives. I call it upscale slavery. We need to vote everyone of them out of office.

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