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?
