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Thursday, July 02, 2009

TARP II: Obama's Theft of Retruned Money

Now that TARP recipients are returning the funds to the Treasury and Obama is touting the "profitable" program (it's not hard to be profitable when you force companies to borrow money and then return it with interest), the real theft is about to begin.

Now, Democrats want to take those proceeds and instantly transfer them to their pet welfare programs, to be redistributed to their chosen classes of people instead of to the taxpayers.

TARP was controversial because it cost so much money, but for the most part, everyone knew that the government would get the funds returned over the next couple of years. Now's it going to be stolen forever - courtesy of Obama, Pelosi, Frank and the other Democrats.