But there are dems that want to go ahead and spend it. It is free money.

Actually I did hear that this past week.

There apparently is discussion to keep the money liquid, and to use it for other plans. I do not recall the endless things mentioned. But it was something about small business, and losing up credit. Schools, and some other programs.

If I remember correctly. The Republicans simply wanted to pay down the debt of their former president. But I just caught the tail end of the story. However, I am sure there is still plenty more partisan bickering to go on for 2010....

I also read some good stuff this week about how the administration is considering not accepting the full TARP repayments from some banks. If they take the money and are paid back in full then they have no say in how the banks run. They want to keep a hand on the banks so they are considering not accepting the full payoffs so that they still have some control over them.

The idea, at least that this article put forth, was that there are a lot of banks out there making a lot of profit, but they aren't lending much money. If the government still has a hold of them they can kick the lending up and force them to make loans to business and consumers. If they take the money back then the banks are free to do as they want and they can just sit there and continue to rake in the profits from interest and late fees and not loan anything out.

What amazing is everyone here is arguing over how much of that quoted figure they have and haven't spent. When the reality is they just used that money as reserves. If you aren't familiar with fractional banking here's what they did. They put the money into one bank account and then loaned out 10x that amount and put that into other bank accounts. In total they made disappear somewhere around 24 trillion dollars. Now the question is where did that money go and whats going to happen when all that shit comes flying back in? Can anyone say $10 loaf of bread?

BTW $24 trillion dollars would pay off every single house with a mortgage, every car loan, and every credit card in America.

Yep. I had heard the same.

I guess he had made some speech in regards to 'opening up credit' or loosening credit, especially for small business and credit worthy people.

This is the last argument Obama lovers use, if you don't like him you're a racist. I got called a racist too many times by the socialist retards that don't remember that our republic has a constitution that we wipe our asses with daily.

And it was pretty well known to anyone that was paying attention that it'd be a waste. Thanks for the new Nascar tracks stimulus package! Amongst other retarded things. (read the documents). If you want a really nice picture of our long term financial position, especially dealing with taxes, lookup and read the grace commission report. Things haven't changed. Read the documents, because the articles and the 'news' reporters leave out everything that is important.

Absolutely agree with you 200%.
:thumbsup

I could not resist adding perspective.

http://wearechangecoloradosprings.or...ission1984.pdf

"Resistance to additional income taxes would be even more widespread if people were aware that:
-One-third of all their taxes is consumed by waste and inefficiency[stolen] in the Federal Government as we identified in our survey.

-Another one-third of all their taxes escapes collection from others as the underground economy blossoms in direct proportion to tax increases and places even more pressure on law abiding tax payers, promoting still more underground economy -- a vicious circle that must be broken.

-With two-thirds of everyone's personal income taxes wasted or not collected 100 percent of what is collected is absorbed solely by interest on the Federal debt and by the Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government"


And thats why I'm moving to Holland at the first opportunity

Fiddy shadow government conspiracies.
:pimp

Really, do you need data to tell you this was a waste of money? That's all the government does is waste money, why would they stop now?

Everyone is going to cash in on this mess, from bankers to wall street to CEOs to oil companies, and to everyone else who is elite. The good American people have been had. Again.

Obama is a wolf in sheep's clothing. He got my vote and fooled me, the same as he fooled everyone else.

"But it's only been a year." BULL SHIT. The great president of the United States of America can move mountains in a year if he wanted to. This is about power, greed and corruption. The only losers will be the citizens. Again.

Watch for government land grabs coming soon. Watch for more banks failing and more being bailed out. Watch for another large bail out. Watch for the markets to go up and down just at the right times so those in the know will profit, and watch for the USD to take a dive to the depths so low, it can not return and they will have no choice but to introduce a new currency. All coming soon.

NOt everyone has a car, no one says you have to drive, but everyone breathes

Say what you will...........at the very least President Obama is willing to think OUTSIDE the box and make an effort to get things on track. He is NOT sitting around thinking/believing that "everything is okay". NO ONE is gonna be correct in every decision that they make (not saying the stimulus did not work) but at least OUR PRESIDENT is willing to be PROACTIVE and DO SOMETHING. My god that is what we needed........a LEADER and I truly believe we now have one :)
But as usual the Repulicans can only sit around and point fingers and NOT offer solutions or even suggestions. We are very lucky that the right man was elected.......CAN YOU EVEN IMAGINE where our country would have been if McCAIN had been elected? OH MY GOD!!

What kind of drugs are you on?

Its not drugs, that kinda talk sounds like television watching