Archive for February 5th, 2009

Obscene Government Waste ($78 Billion!) with the TARP Bailout, and Stimulus is Now On Deck

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Elizabeth Warren, head of the Congressional Oversight Panel for TARP, testified today that the Treasury overpaid for toxic assets by as much as $78 Billion (see Bailout watchdog: Treasury paid too much).  Her full report will be out tomorrow.
Well, no in depth commentary is necessary for this.  Instead we have a staggering and inexcusable waste of [...]

More Stimulus Fun!

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This hilarious explanation comes from my friend (and GlobalPolitics.com commenter) Brian:

This year, taxpayers will receive an Economic Stimulus Payment.  This is a very exciting new program that I will explain using the Q and A format:
“Q. What is an Economic Stimulus Payment? ”
A. It is money that the federal government will send to taxpayers. 
“Q. [...]