Thursday, March 12, 2009

Good news about the "TARP"

With everyone taking their shots at the administration's plans to save our necks, I thought I might share this example of where "Troubled Asset Relief Program" IS working.
Seems it can work when you can find bankers who want to make it work.

How the TARP Should Work: A Prime Example

One other note;
The Republicans are on a massive PR tour to try to talk up the amount of "pork" that was in the budget that got passed yesterday. They keep throwing out figures that are specifically tweaked to try and enrage the masses.
What they are NOT telling you is that the amount of earmarked projects that are in this Omnibus budget have been reduced to just 2% of the total. One of the lowest amounts of such spending in a long, long time.

BTW: I saw an interview with one of the chief Republican congressmen who is attacking the amount of earmarks in this budget. When the reporter pointed out the millions that had been put in for earmarked projects in HIS state, he said he would put those items back IN the budget if they were to get removed. Apparently it is only "pork" when the money goes to someone else.
Hypocrite.