Restricting Lobbyists On TARP A Political Stunt

Are any of us surprised?

Czar Says Obama Has No Plans To Restrict TARP Lobbyists

The czar of Obama’s massive bank bailout says the president’s promise to restrict lobbyists from influencing how the government allocates the program’s $700 billion was a political stunt and no rules have been implemented.

Furthermore, the administration claims to fear that issuing rules against lobbyist communications could violate the First Amendment’s guarantee to free speech. So, Obama breaks yet another transparency and accountability pledge in failing to curb lobbyists’ access to the Troubled Asset Relief Program (TARP).

Amid bipartisan concerns that lobbyists would sway how tax dollars got disbursed to failing banks, the president vowed to limit political influence and disclose where the money was going. More than half a year later neither has happened and this week a news report sheds light on why.

Obama’s one-time TARP czar, Neel Kashkari, actually told a special TARP inspector general that the commander-in-chief’s promise to restrict lobbyist access to the bailout was made purely for political reasons and $200 billion later no rules have been issued. The program has functioned under a cloak of secrecy and some lawmakers are accusing the administration of misleading the American people.

Demanding full transparency, the senior Republican on the main investigative committee in the U.S. House of Representatives (California’s Darrell Issa) says the Treasury Department has actively obstructed the committee’s ability to determine what TARP recipients are doing with taxpayer dollars. He calls Obama’s talk of curbing lobbyist influence nothing more than smoke and mirrors.

By Logistics Monster


  • Practical Madman -

    The only campaign promise this giant ass kept is to “fundamentally change America”. Heaven help us!

  • Practical Madman -

    The American people are drugged up with anti-depressants (that have side effects of suicidal thoughts), fluoride, aspartame, and God only knows what else. There are more than 60% that fit into the group I just described. They have no grasp on reality because it is not shown on the TV. Thank God for the internet and the intelligence and clarity to seek out the truth and like minds, and thank God there is a growing percentage taking advantage of these sources. Like I said…Heaven help us!

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