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Monday, December 07, 2009

TARP Funds To Be Used For More Government Jobs

Shocking, but those TARP funds are actually not going to cost as much as expected (except for the union bailouts of GM and Chrysler). Also unsurprising is that Obama and Pelosi view this as a slush fund to "save or create" more government jobs.

House Speaker Nancy Pelosi and other top Democrats have been drafting a jobs bill that would tap resources in the bailout program.

Among the proposals being considered are funding as much as $70 billion in new transportation and infrastructure projects, providing new tax credits aimed at encouraging small businesses to hire workers and providing additional aid to state governments to preserve public sector jobs…