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