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If you thought $700 Billion was bad...

post #1 of 16
Thread Starter 
...then you don't even want to read this.

TARP & Bailout money could reach $27.3 TRILLION

Note, this is according to the government's top bailout watchdog, the inspector general for the Troubled Asset Relief Fund, Neil Barofsky. In his report, that he will submit to the House Oversight and Government Reform Committee, he says that the TARP and related programs, passed in a flury under President Bush, alone could reach $3 Trillion.

So the $700 Billion Recovery & Stimulus yadda yadda bill that President Obama pushed through at record pace, so fast that no one could read the bill they were voting on (!!!), could reach up to $24 Trillion.

Even the article states that this is the highball number, not what is actually expected but what is possible in the worst-case scenario. But tell me what has been coming out better than anticipated in this economic meltdown so far?

This last sentence absolutely stunned me, though (it shouldn't have, but it did):

Quote:
In the report, Barofsky also says that the Treasury Department has "repeatedly failed" to adopt recommendations that his office believes will bring more transparency and accountability to the execution of the bailout.
For the Administration that has promised transparency, this is not a good assessment.
post #2 of 16
This is exactly what happens when you pass these stupid bills in a big hurry because the sky is falling.

No time to read the bills just sign on the dotted line and shut the heck up.

It makes me sick.

And this doesn't even take into account, Cap and Trade and Barack's socialized medicine.
post #3 of 16
They still can't give a straight answer on where all our bail out money went on the first go around. I signed a petition and wrote my representatives to co sponsor a bill by Ron Paul to audit the fed. I want to know where all of our money went to. Every single cent of it!!!! It is our right as tax payers to know what the heck they did with our money!!!!!!
post #4 of 16
I'm in line with all of you over anger at Obama's policies. I don't believe we can spend our way to prosperity. I just wish we could recall him and all his nutty legislation.
post #5 of 16
Quote:
Originally Posted by Dusty's Mom View Post
I'm in line with all of you over anger at Obama's policies. I don't believe we can spend our way to prosperity. I just wish we could recall him and all his nutty legislation.
I voted for him and I am first to say that I made a very big mistake in my choices. I wish we could recall him and his legislation! I am very scared for this country and the proposed bills that some of these people in our government are proposing.
post #6 of 16
I didn't vote for him, but I didn't like our Republican choice either.

I admire that you are willing to admit that voting for him was a mistake! I'll bet you aren't alone, since we've seen his approval rating drop like a stone.
post #7 of 16
Quote:
Originally Posted by abbycats View Post
I voted for him and I am first to say that I made a very big mistake in my choices. I wish we could recall him and his legislation! I am very scared for this country and the proposed bills that some of these people in our government are proposing.
Bless your cotton picking heart abbycats. I salute you.
post #8 of 16
Quote:
Originally Posted by Dusty's Mom View Post
I didn't vote for him, but I didn't like our Republican choice either.

I admire that you are willing to admit that voting for him was a mistake! I'll bet you aren't alone, since we've seen his approval rating drop like a stone.

I still Love John McCain, I so wanted hm to win more than I have ever wanted a person to be elected POTUS.

I often wonder what it would have been like if McCain would have been elected in 2000 instead of Bush. I know, I know, there is no sense at all in wondering that. But I have a feeling we would not have gone to Iraq.
post #9 of 16
I voted for McCain, but I wasn't happy that he didn't come to Palin's defense after the election when she was being dumped on by the campaign staffers. If she was good enough to be McCain's running mate, he should have come to her defense when she was being maligned by members of her own party.

I lost all respect for McCain after that.
post #10 of 16
I didn't vote for either one of them. McCain didn't appeal to me, and Obama never fooled me for one second. The only person that slightly frightens me more is Pelosi. That idiot won't stop trying to ramrod bad bills through the House before people get a chance to see what is in them. She needs to go.
post #11 of 16
Quote:
Originally Posted by Essayons89 View Post
I didn't vote for either one of them. McCain didn't appeal to me, and Obama never fooled me for one second. The only person that slightly frightens me more is Pelosi. That idiot won't stop trying to ramrod bad bills through the House before people get a chance to see what is in them. She needs to go.
I agree about Pelosi! I can't stand her.
post #12 of 16
California will never vote Pelosi out I have a feeling.
post #13 of 16
If we could go back in time maybe Ron Paul might have been a good canditate for president. We need to go back to the basics and our bill of rights. I didn't like Mccain either. Obama was groomed for the position he got, and I believe that if none of us showed up at the polls he would have still got his position. I don't trust our government anymore. We are living in bad times right now, and it will take anarchy to bring us back to what our government stood for when the constitution of the united states was written. We are headed into government control and marshall law if we keep going down the path we are headed to. The bail out money is such a joke. The Federal bank, by the way is a seperate entity than the federal government, I didn't know this until a few months ago. Do the research people! This was a real eye opener on how we as tax payers got screwed by this stimulas package that Obama got passed. Where are the Trillions that we gave as tax payers to these bankster thieves? I want to know where every single dollar has gone of our tax money. They took our money to rebuild the falling economy of this country after stealing us blind, to reloan us our own money?????? I don't think so... This makes me very angry with the greedy people in the elite positions of our Country. They are screwing us over so bad and it's so obvious now.
post #14 of 16
Ron Paul is who I voted for.

A large part of our government was modelled off of that of the Roman Republic. I don't when the change occured, it certainly wasn't overnight, but we are a representative republic in name only. The politicians in this country don't do the will of the people. There was an enormous public outcry against both of the so-called bailouts. It was ignored. I've said it numerous times on this site and others. Government for the people, by the people has gone the way of the dinosaurs. Now, it's all about government for the sake of government and the only people who benefit are the lobbyists and the politicians themselves. The latest load of garbage people like Pelosi and Obama are trying to shove down our throats is a health care plan that nobody really knows anything about. Pelosi had the gall to want to vote on it before this pathetic joke of a Congress goes on recess. Why? So, people can find out how bad it could be and not vote for it?

I'm sorry. I know we need an overhaul of the health system but at the same time it scares the heck out of me to think about the government involved in MY health. Name one thing the government has touched that hasn't turned into one big turd sandwich. I don't want my health turning into a bureaucracy. When it comes to crushing wheels of bureaucracy, service doesn't come anywhere near the top of the list. It wasn't the "barbarians" that did Rome in, Rome rotted from the inside out.
post #15 of 16
You are so right about that. Rome did rot from the inside out and fell just like our government is going to do. Yes, Our polititcians don't care about what this government was set up on. They are all about greed, power,and money which leads us to the next scenerio which is the elite families of the world and the new world government. Research the Rothschild's and Rockefeller's, they all tie up with our Federal reserve bank that is owned by private banksters.
post #16 of 16
Call me wacky but I think Lou Dobbs might make a super President
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