Comments on: The Never Ending TARP Slush Fund http://blog.heritage.org/2009/10/21/the-never-ending-tarp-slush-fund/ Fri, 10 Feb 2012 22:29:33 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Morning Bell: Bank Tax Misses the Real Bailout Deadbeats in Detroit and DC | Conservative Principles Now http://blog.heritage.org/2009/10/21/the-never-ending-tarp-slush-fund/#comment-82131 Morning Bell: Bank Tax Misses the Real Bailout Deadbeats in Detroit and DC | Conservative Principles Now Mon, 18 Jan 2010 04:06:06 +0000 http://www.foundry.org/?p=17647#comment-82131 [...] In sum, this new $117 billion Obama tax will penalize firms that already repaid TARP, and some who never accepted bailout money to begin with, while also making it harder for Americans to get the loans they need to help our economy recover, all while letting the real deadbeats get off scot-free. If the President were serious about making taxpayers whole and restoring confidence in the banking sector, then he should end TARP now. [...] [...] In sum, this new $117 billion Obama tax will penalize firms that already repaid TARP, and some who never accepted bailout money to begin with, while also making it harder for Americans to get the loans they need to help our economy recover, all while letting the real deadbeats get off scot-free. If the President were serious about making taxpayers whole and restoring confidence in the banking sector, then he should end TARP now. [...]

]]> By: Morning Bell: Bank Tax Misses the Real Bailout Deadbeats in Detroit and DC | The Foundry: Conservative Policy News. http://blog.heritage.org/2009/10/21/the-never-ending-tarp-slush-fund/#comment-81615 Morning Bell: Bank Tax Misses the Real Bailout Deadbeats in Detroit and DC | The Foundry: Conservative Policy News. Fri, 15 Jan 2010 14:53:06 +0000 http://www.foundry.org/?p=17647#comment-81615 [...] In sum, this new $117 billion Obama tax will penalize firms that already repaid TARP, and some who never accepted bailout money to begin with, while also making it harder for Americans to get the loans they need to help our economy recover, all while letting the real deadbeats get off scot-free. If the President were serious about making taxpayers whole and restoring confidence in the banking sector, then he should end TARP now. [...] [...] In sum, this new $117 billion Obama tax will penalize firms that already repaid TARP, and some who never accepted bailout money to begin with, while also making it harder for Americans to get the loans they need to help our economy recover, all while letting the real deadbeats get off scot-free. If the President were serious about making taxpayers whole and restoring confidence in the banking sector, then he should end TARP now. [...]

]]> By: TARP: It Couldn’t End Thune Enough | Conservative Principles Now http://blog.heritage.org/2009/10/21/the-never-ending-tarp-slush-fund/#comment-69403 TARP: It Couldn’t End Thune Enough | Conservative Principles Now Wed, 18 Nov 2009 23:57:24 +0000 http://www.foundry.org/?p=17647#comment-69403 [...] system, TARP has become at best just another source of stimulus spending, and at worst a slush fund providing ready cash, with little or no accountability, to whatever industry or firm the Treasury [...] [...] system, TARP has become at best just another source of stimulus spending, and at worst a slush fund providing ready cash, with little or no accountability, to whatever industry or firm the Treasury [...]

]]> By: Obama Pay Czar Driving Execs to Go Galt? | Conservative Principles Now http://blog.heritage.org/2009/10/21/the-never-ending-tarp-slush-fund/#comment-63774 Obama Pay Czar Driving Execs to Go Galt? | Conservative Principles Now Sun, 25 Oct 2009 18:52:26 +0000 http://www.foundry.org/?p=17647#comment-63774 [...] End TARP. End the Obama Czar State. [...] [...] End TARP. End the Obama Czar State. [...]

]]> By: “Obama Pay Czar Driving Execs to Go Galt?” « Patriot Burr http://blog.heritage.org/2009/10/21/the-never-ending-tarp-slush-fund/#comment-63273 “Obama Pay Czar Driving Execs to Go Galt?” « Patriot Burr Fri, 23 Oct 2009 02:15:04 +0000 http://www.foundry.org/?p=17647#comment-63273 [...] End TARP. End the Obama Czar State. Published in: [...] [...] End TARP. End the Obama Czar State. Published in: [...]

]]> By: Freedom of Speech, T http://blog.heritage.org/2009/10/21/the-never-ending-tarp-slush-fund/#comment-63087 Freedom of Speech, T Thu, 22 Oct 2009 11:15:43 +0000 http://www.foundry.org/?p=17647#comment-63087 If they are worried about appeasing (1) Republican Senator for the sake of "bi-partisianship", this is a continuing joke. Americans know this is BS. Moreover, Snowe should at least be honest and join the Democratic Party as did Spector. She is not "moderate". She already has Stimulus 1 to her historical credit. Why not this also? Giving the money to smaller banks does not mean they are going to lend it! In fact, most smaller banks are smart and do not want to be beholden to the Feds. The way you "help" small businesses is to allow them to make a PROFIT through tax cuts and incentives, then they will continue to take risks, expand, and employ more workers. When people have jobs AND THE GOVERNMENT DOES NOT TAKE AWAY THEIR DISPOSABLE INCOME THROUGH TAXATION - people will spend money and stimulate the economy. Boy, this sure is complicated stuff isn't it? If they are worried about appeasing (1) Republican Senator for the sake of "bi-partisianship", this is a continuing joke. Americans know this is BS.

Moreover, Snowe should at least be honest and join the Democratic Party as did Spector. She is not "moderate". She already has Stimulus 1 to her historical credit. Why not this also?

Giving the money to smaller banks does not mean they are going to lend it! In fact, most smaller banks are smart and do not want to be beholden to the Feds.

The way you "help" small businesses is to allow them to make a PROFIT through tax cuts and incentives, then they will continue to take risks, expand, and employ more workers.

When people have jobs AND THE GOVERNMENT DOES NOT TAKE AWAY THEIR DISPOSABLE INCOME THROUGH TAXATION – people will spend money and stimulate the economy.

Boy, this sure is complicated stuff isn't it?

]]> By: Jan,NC http://blog.heritage.org/2009/10/21/the-never-ending-tarp-slush-fund/#comment-63056 Jan,NC Thu, 22 Oct 2009 10:05:11 +0000 http://www.foundry.org/?p=17647#comment-63056 In addition to what I wrote before,there a question I have asked my Senators Hagan and Burr as well as Rep. Etheridge. In the (stimulus bill)ARRA of 2009 was the establishment of a new Small Business Broker/Dealer for the Secondary Market. The SBA website says it is still in plan and keeps getting delayed sort of like the Health Care bill. If you look at the bulk of the stimulus bill it is about the new Health Information Technology network with billions in money approiated. Since the GSEs are watched, is this going to be the new taxpayer guarantee loans for the "gamblers" to use to pool with health insurance money? One house representive has already called for Health Innovation Zones. Doesn't this sound like Enterprise Zones of the Community Reinvestment Act that helped bueacrats give taxpayer money to broker/dealers? In addition to what I wrote before,there a question I have asked my Senators Hagan and Burr as well as Rep. Etheridge. In the (stimulus bill)ARRA of 2009 was the establishment of a new Small Business Broker/Dealer for the Secondary Market. The SBA website says it is still in plan and keeps getting delayed sort of like the Health Care bill. If you look at the bulk of the stimulus bill it is about the new Health Information Technology network with billions in money approiated. Since the GSEs are watched, is this going to be the new taxpayer guarantee loans for the "gamblers" to use to pool with health insurance money? One house representive has already called for Health Innovation Zones. Doesn't this sound like Enterprise Zones of the Community Reinvestment Act that helped bueacrats give taxpayer money to broker/dealers?

]]> By: Jan,NC http://blog.heritage.org/2009/10/21/the-never-ending-tarp-slush-fund/#comment-63051 Jan,NC Thu, 22 Oct 2009 09:52:37 +0000 http://www.foundry.org/?p=17647#comment-63051 When President Bush left there was $350Billion left in the TARP fund. Then, the Fed used this money at the New President Obama's agreement for the bailout of GMC and other car dealers as well as the means to take the "toxic assets" off of banks books and closing small banks over the last ten months. Where is the $700 billion coming from? Only a few banks and holding companies have paid back their loans and warrants. There is also the problem with FDIC falling behind and the GSEs are still losing money! When President Bush left there was $350Billion left in the TARP fund. Then, the Fed used this money at the New President Obama's agreement for the bailout of GMC and other car dealers as well as the means to take the "toxic assets" off of banks books and closing small banks over the last ten months. Where is the $700 billion coming from? Only a few banks and holding companies have paid back their loans and warrants. There is also the problem with FDIC falling behind and the GSEs are still losing money!

]]> By: Todd, Iraq http://blog.heritage.org/2009/10/21/the-never-ending-tarp-slush-fund/#comment-62852 Todd, Iraq Wed, 21 Oct 2009 16:41:39 +0000 http://www.foundry.org/?p=17647#comment-62852 Well TARP of course has turned into a political tool for Obama and his slew of cronies in the "Dumbocrat" congress. He thinks by shifting untold (B)illions to everyday folks he can carry favor meaning votes when the time is right or perhaps he just wants people to like him. Not likely he needs to be loved by all and attacks anyone who says otherwise from Joe the Plumber to Fox news etc. He thinks he can TARP us all and we want be able to see what's truly taking place but in this he's sadly mistaken. I just hope there's enough fine Americans out there that still care and are willing to stand up and NOT give him the votes he's BANKING on with our money mind you. It's funny he takes your money with his right hand and gives it back to you in some other form with his left, (haha) remember folks he's left handed. I can think of many better ways to spend $700billion, (1)pay down the debt or (2)cut every American a check and allow us to make our own decisions etc, etc, etc. The list is endless but bottom line this vote buying nonsense has got to stop. "Change" 2010/2012 wake up America Just A Point of View Well TARP of course has turned into a political tool for Obama and his slew of cronies in the "Dumbocrat" congress. He thinks by shifting untold (B)illions to everyday folks he can carry favor meaning votes when the time is right or perhaps he just wants people to like him. Not likely he needs to be loved by all and attacks anyone who says otherwise from Joe the Plumber to Fox news etc.

He thinks he can TARP us all and we want be able to see what's truly taking place but in this he's sadly mistaken. I just hope there's enough fine Americans out there that still care and are willing to stand up and NOT give him the votes he's BANKING on with our money mind you.

It's funny he takes your money with his right hand and gives it back to you in some other form with his left, (haha) remember folks he's left handed. I can think of many better ways to spend $700billion, (1)pay down the debt or (2)cut every American a check and allow us to make our own decisions etc, etc, etc. The list is endless but bottom line this vote buying nonsense has got to stop.

"Change" 2010/2012 wake up America

Just A Point of View

]]>