What? Another $1.3 Trillion for Bank Bailouts On Top of the Stimulus? ARGH!

bangheadagainstwallThis 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.

 

BREAKING NEWS:

 

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. 

http://www.bloomberg.com/apps/news?pid=20601087&sid=aOIOHVbliZdQ&refer=home 

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 . . . 

 

 

 

 

 

1 Peter 5: 1-3   ~   To the elders among you, I appeal as a fellow elder, a witness of Christ’s sufferings and one who also will share in the glory to be revealed: Be shepherds of God’s flock that is under your care, serving as overseers—not because you must, but because you are willing, as God wants you to be; not greedy for money, but eager to serve; not lording it over those entrusted to you, but being examples to the flock.

 

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.

 

 

2 thoughts on “What? Another $1.3 Trillion for Bank Bailouts On Top of the Stimulus? ARGH!

  1. Mark Kerkvliet February 10, 2009 at 5:12 am

    Wow! Watching President Reagan sure brings back memories of better times in our country. I wish we had someone like him in the wings to bring Conservatism, at least the Republican party back to it’s roots! We have a very long, tough battle ahead of us if we are to get our country back from the left wing that seems to have gotten a pretty big foot in the door.

    Very nice website Linda! I am very impressed! A tall guy from Plankington told me about it last night. Keep up the great work! I will bookmark and check in from time to time!

  2. constitutionallyspeaking February 10, 2009 at 2:09 pm

    Thank You Mark,

    That “Tall Guy” from Plankinton is one special guy whom we do not get to see often enough. His wife is pretty special to us too!

    God Bless, Linda

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