Spendulus, the TARP and the Dow.
So this afternoon, the Senate passed their version of the Bacon Bill – soon to go over to the House for consumption.
Also today, Tim “Taxes? What Taxes?” Geithner announced the government’s new plan for the second half of the TARP funding, which also included:
[Geithner] said the new [TARP] would bring the full force of the federal government to bear in a partnership with the private sector.
Doesn’t that sound a lot like the ideas that got the Soviet Union moving into Socialism? Eventually to communism?
What else does our government do REALLY well? Where does governmental interference really shine, and make us say, “wow, they should do more?” Anyone? Anyone? Bueller?
Here’s the shocker from people living in reality: after the Senate approved “Pork for the People (but not you!)” and Geithner explained his take on how to make everything better (paying taxes not included) – the Dow dropped yet again! Today gave us the largest single-day drop in stock values (well, the Dow value) since December 1. More than two months of stabilization, and now our “savior’s” administration is botching it all up, once they are starting to get their policies rolling. Anyone else shocked? I’m not!