Underhanded to
the core. DeMarxists, who are seeing a decrease in funding as the party
left wing faithful begin to see the many promises made by the Obama
administration go by the wayside as opposition from the right
increases, are eying the TARP and TARP repayment funds as a war chest
slush fund, some fear.
The Obama administration’s approval of Timothy Geithner’s intention
of extending TARP until Oct 2010, claiming that withdrawal of the
funding could endanger the economy, has some Conservatives suspicious.
The fund’s intent is in its name: the Troubled Asset Relief Program. It
was intended to relieve banks and lending institutions of bundled asset
and bad paper loans by law. The 700 BILLION DOLLAR program was slated
to end this December 31. The plan LOST 41 BILLION DOLLARS this year. It
was never intended for use as a small business loan fund or anything
other than its legally stated purpose.
Meanwhile, Senate Democrats desperate to find anything in the health
care debacle that they can call progress or a victory of sorts, have
come up with another alternative to the ‘public option’ that they think
may survive the scourging of the left wing of their party. It entails
the creation of privately administered new government – run exchanges.
The hard left of the DeMarxists don’t care for this at all, so in an
effort to offer a sop to them the DeMarxists would expand Medicare to
millions of Americans over 55, thus potentially adding millions more
people to a system already on the brink of bankruptcy, with a long term
deficit of 38 to as much as 89 TRILLION DOLLARS. Plus, the deal STILL
leaves open the ‘TRIGGER’ of a public option if plans for a new Office
of Personnel Management doesn’t jell.
Sounds like a circular firing squad with the American people as the main feature.
KEEP UP THE PRESSURE!! It’s working. Don’t listen to the media, don’t listen to anyone but yourself.
Semper Vigilans, Semper Fidelis
© Skip MacLure 2009