I Will Continue to Continue, to Pretend.... Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : I Will Continue to Continue, to Pretend....

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sully- who wrote (29163)	2/9/2009 4:17:56 AM
From: Sully-	of 35834

SHHH! Don't Remind Them About TARP... Mark Hemingway The Corner Senate GOP sources repeatedly emphasized to me last week that one of the reasons why the Democratic leadership was so eager to railroad through the bloated "recovery" package was because TARP was going to be an issue again the following week. Nearly a trillion dollars is a staggering amount of money, combine that with TARP you're at the very least rounding up to two trillion in government spending outlays in the span of a few months. Better the bill be passed before the public is suddenly reminded of the previous $700 billion in spending, when Geithner begins inevitably leaking the plot details of TARP II: Son of Toxic Assets. Well, surprise — with a cloture vote expected tomorrow, suddenly Geithner is postponing the unveiling of his TARP plans which was originally scheduled for Monday: <<< Treasury Secretary Tim Geithner will postpone until Tuesday his new plan to boost the financial system with the rest of the $700 billion bailout money, one of President Obama's top economic advisers said on Sunday. Lawrence Summers, the head of the National Economic Council, said on "This Week with George Stephanopolous" that the White House wants to keep the focus on the roughly $800 billion fiscal stimulus package making its way through Congress. "I think there is a desire to keep the focus on the recovery program, which is so very, very important," Summers said. The Senate is set for a cloture vote on the stimulus package on Monday evening, and a vote on final passage on Tuesday. Republican senators acknowledged on Sunday that the package would pass with a handful of their colleagues in support. Geithner is scheduled for a 10 a.m. hearing Tuesday before the Senate Banking Committee on the Troubled Asset Relief Program (TARP), as the bailout is known formally. Geithner's new plan for the money had been scheduled for Monday in a speech at the Treasury Building ahead of Obama's first news conference in the East Room of the White House on Monday evening. >>> (Also via Instapundit) pajamasmedia.com corner.nationalreview.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next