This is beyond imaginable; I hope the airwaves and internet blast this all day today and tomorrow and crush Obama’s campaign for his SPENDULOUS BILL!!! This is not a “Recovery and Reinvestment Act”…this is more like an “ACT OF RAPE” on the American people.
Bloomberg is now reporting that coming this Tuesday, the new Secretary of the Treasury, Timothy (tax-cheat) Geithner is going to unveil a bank rescue plan, consisting of asking Congress for an additional $1.3Trillion for the Troubled Asset Relief (TARP) program. This is to be added to the already allocated (and spent) previous EESA funding for the TARP of $700Billion.
For those of you not keeping track at home, this is a possible total of $2 Trillion of taxpayer money that could end up in the vaults of the banks that caused this mess in the first place.
At the same time this hit the wires, Larry Summers, who took Geithner’s place at the New York Fed, gave an interview to ABC News’ George Stephanopolis. This is the opening exchange:
STEPHANOPOULOS: Let me ask about that financial overhaul. Originally, Secretary Geithner was supposed to give that speech tomorrow. Administration officials are telling me it’s now more likely on Tuesday?
SUMMERS: Yes, I think there’s a desire to keep the focus right now on the economic recovery program, which is so very, very important.
STEPHANOPOULOS: So Tuesday it is.
Full Transcript here: http://www.abcnews.go.com/ThisWeek/story?id=6830708&page=1
This just goes to prove that a politician will say anything to get elected . . . 4 minutes of priceless video. If Obama really wanted to do what was right, he would have stuck to his so called values and principles in this video . . .
Reagan’s 2nd Inaugural Address, January 20, 1985, 4 yrs after our country’s greatest recession . . .
2 Peter 2: 2-3 ~ Many will follow their shameful ways and will bring the way of truth into disrepute. In their greed these teachers will exploit you with stories they have made up. Their condemnation has long been hanging over them, and their destruction has not been sleeping.