Saturday, October 24, 2009
They would never lie about health care reforms like they did about the health of U.S. banks.
onest. Pinky promise and everything.
- [Secretary of the Treasury Hank] Paulson said on Oct. 14, 2008, that the banks were "healthy," and that they accepted the money for "the good of the U.S. economy." The big reason for accepting the money was so that the banks could increase their lending to consumers and businesses, Paulson said.
But the banks were actually in worse shape financially than Paulson disclosed publicly, according to the report....
Perhaps more intriguing is a section in the report by special inspector general Neil Barofsky that questions why Bank of America and Wells Fargo received less TARP funds up front than J.P. Morgan Chase and Citigroup, which got $25 million in October. BofA and Wells eventually received a total of $25 billion, but that was after they had agreed to acquire Merrill Lynch and Wachovia, respectively.
No, we can't sell as many of our treasuries now to
finance pretend to finance an ever burgeoning national debt, so the Federal Reserve is buying printing 300,000,000,000 dollars' "worth" of it. General Gøvernment Møtørs has turned out to be a $20,000,000,000 loss (and counting) for us taxpayers taxed suckers. The number of bank closings this year has been the highest since 1992. "Our" efficient, super smart, got it all figured out government is accepting first-time homebuyer tax credits filed by four-year-olds. Tax revenue across the nation and around the world keeps falling and falling.
But, surely, that same czar-infested government will do a much better job taking over and secretly figuring out how to run our entire health care system.
It's only a $2,500,000,000,000 chunk of our economy.
What could possibly go wrong?
Labels: dangerously incompetent liberals (BIRM), Health Care Death Snare, lying liberals (BIRM), miserably failing liberals (BIRM), National Socialist liberals (BIRM), The Obama Depression
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