Treasury Plans $68 Billion in TARP Spending Next Year

1) I need about 50 grand to break even on my house.
2) I thought TARP was supposed to help me not my bank.
3) Please mail a check directly to me.

Thanks for illustrating my point that Paulson is responsible for the TARP, Denbo.

The TARP is now expected to cost no more than $140 billion? We the taxpayer would have made money if the Obama administration didn’t start using it for things other than the banks. But hey its a Democrat slush fund to take care of those who got him elected and the people who already bought into the welfare country we are becoming.

In a discussion on the global role of the dollar, Zhu (of Chia)told an academic audience that it was inevitable that the dollar would continue to fall in value because Washington continued to issue more Treasuries to finance its deficit spending.

Just in time for the 2010 elections. Make the folks feel warm and fuzzy….. vote for us. Sponsored by DNC.

The money was for a specific purpose. Dont bend the rules and use it for someithing else since its borrowed money anyway. Give it back to the peopel and if we need it for something else lets have a vote. This kind of crap is what really makes people mad no matter what party you belong too.

the bush/cheney regime had EVERYTHING IN THE WORLD with what has happened, everything!!!!!!!!!!!!!!!!!!!
TARP/WAR IN IRAQ/ ETC. after the last 8 years of corrupt what do you honestly belive? obama inherited he bush/cheney monoply, never on GODS EARTH say bush administration had nothing to do with TARP, ever on GODS earth!!!!!!!!!!!!!!

This is a bunch of crap. $70 billion divided by every taxpayer equally. What a stimulus! Just thing of the money we could pump back into the economy.
Marsha | Dec 19, 2009 12:47:19 AM
This money IS being pumped back into the economy in the most efficient possible ways (such as aiding small business lending, which lead directly to job creation).

jhw539 – “This money IS being pumped back into the economy in the most efficient possible ways (such as aiding small business lending, which lead directly to job creation).” Oh, really!!?? What small businesses?? Do a little research, ask a few small businesses and you’ll find that is NOT what is happening. Maybe a few in the DEMOCRATIC districts, but not in the Republican districts. This is all a farce and the ONLY WAY TO GET THIS ECONOMY GOING AGAIN IS TO CUT TAXES. PERIOD!! UNTIL THE DEMOCRATS LEARN ECONOMICS 101, THERE WILL BE NO RECOVERY!!!

What has happened with all of the $780B stimulus money? Has not been spent? Why not? Is Washington playing political games?

Jerome: TARP was passed under Bush. Maybe you are thinking the stimulus which passed under Obama?
I would like to point out to Matthew Jaffe a misleading sentence in his post: “$10 billion will help boost consumer loans through the Federal Reserve’s Term Asset-Backed Securities Loan Facility, known as the TALF.” The TALF has nothing to do (directly) with increasing consumer loans. It is a mechanism for the government to subsidize the buying of bad assets off the books of banks. The hope is that banks would then increased their lending, but they have a poor track record so far…

Our economy is the largest in the world and most economists agree that the government should pump more money into the economy when its contracting. Not just with tax cuts (which don’t always work), but across the economy (lending, unemployment, job creation etc.). This is the kind of safety net the government is supposed to use in times of economic crisis.
People who yell about the deficit are insincere. They know it will be under control once the economy bounces back. No jobs = no tax revenue. But to stop spending now will slow the recovery.
It’s not always fair but we live in a country where the wealth trickles down. I rather have 10% unemployment and some social safety nets than 25% unemployment, no safety net and Hooverville.

if you use the Reagan standard (as republicans always do), was the US better off at the end of Bush/Cheney administration….?
of course not…. it was an 8 year unmitigated disaster culminating in a near depression economy and massive unemployment,
The ‘right’ blames Obama for not solving and fixing the republican mess in one year, while the
republicans openly admit their only goal and policy is to ‘bring Obama down and make him fail’
with republicans, insanity and innuendo pass for policy and a creepy, dark paranoia passes for ‘patriotism’.

According to the bill (initiated by Bush/Paulson) passed by the Congress a year ago, the TARF fund is limited to loans to banks and financial institutions which are required to return with interest. With the exception of AIG, most banks are repaying this Fed loans with interest, which is good. In the case of stimulus fund, most of the money have been spent piecemeal like pork with relatively small benefit in job saving. This money is not returnable to the Fed (which prints this money). Once its spent, it’s gone with the net result of increased national debt, unlike the TARF fund. Should the Congress agrees (by 2/3 majority votes) to the spending of the leftover TARF fund for use as stimulus spending ?

Small businesses account for 64 percent of all new jobs in the last fifteen years, yet in the last year nearly 85 percent of the jobs lost have come from small businesses. We need this to work, and let’s hope this will only be one of the many steps taken to assure the regrowth of small businesses.

Look, I am not any kind of economist etc. But I can handle myslef and my families financies. I thought TARP was a one time BAILOUT FOR FATCATS ON WALL STREET! Is that not correct? This kind of crap is why people have no faith in the United States Federal government. That trust and faith are gone. No human in a correct state of mind can witness millions upon millions of taxpayer dollars going to these financial institutions. Is the USA government an endless pot of money? If it is, where is my share. Folks all over are in hurt, but the gov keeps on giving to the wealthy, WHY? I honestly believe that the taxpayers will hear a song and dance from your elected officials complaining there is no money in years to come, then you will pay more in FEDERAL/STATE/LOCAL tax. I am 100% correct in my belief. At this time of the season, I truly pray that the greed, money hungry people somehow get their just due.

dems dippin into their ‘slush’ fund? wonder which democratic districts will benefit this time. word is already out dem areas got more bucks than their republican counterparts, all political, not based on need, disgusting and a disgrace.