Tuesday, June 16, 2009

The Return of TARP!!

Word has it that many of the recipients of the TARP funds want out of the program and wish to return the money... so the $3 trillion question is... what pray tell will the Cacophony of Conceited Condescending Clueless Clowns of Congress do with those funds... dump them into the general fund and go on another spending spree OR, do the the intelligent, prudent, smart, fiscally responsible thing and instruct Secretary Geithner and Chairman Bernanke to turn off the printing presses... and spend every bogus dollar buying back as much of our new found higher interest rate debt as is feasibly possible...

To do so would stabilize the dollar, increase world wide confidence in the credit worthiness of the United States and signal to the world that we are acting like adults. It would lower interest rates, or at least keep them steady, allowing for lower long term mortgage rates to return; thereby providing a boost to the real estate markets... It would show that we have a handle on this situation, and are willing to control spending... if not... go look up the term run-away inflation in your Funk and Wagnalls...

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