Darthvader
Member
"The TARP was sold as an investment, one that would produce a major return for taxpayers once a "temporary liquidity issue" in the financial sector abated (Remember that one? It's even more comical now). Now, Congress is celebrating the fact that the loss on the TARP investment will be less than it thought--and fighting over what to do with the amount that won't be incinerated.
In any normal investment program, this return on our investment would go right back to the taxpayer--it's ours, after all. In government, however, it goes right back to the White House and Congress, who will get to determine what is done with it.
So now you can pick a side: The Republicans want to use the leftover TARP to reduce the deficit. The Democrats want to use it to fund a jobs program."
Read the readers comments at the end:
http://finance.yahoo.com/tech-ticker/article/385661/Congress-Fighting-Over-200-Billion-TARP-Windfall?tickers=xlf,dia,spy,bac,c,gs&sec=topStories&pos=8&asset=&ccode=
In any normal investment program, this return on our investment would go right back to the taxpayer--it's ours, after all. In government, however, it goes right back to the White House and Congress, who will get to determine what is done with it.
So now you can pick a side: The Republicans want to use the leftover TARP to reduce the deficit. The Democrats want to use it to fund a jobs program."
Read the readers comments at the end:
http://finance.yahoo.com/tech-ticker/article/385661/Congress-Fighting-Over-200-Billion-TARP-Windfall?tickers=xlf,dia,spy,bac,c,gs&sec=topStories&pos=8&asset=&ccode=
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