Off-Topic: Tarp

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	Name:	water_watcher -
	Subject:	Tarp
	Date:	8/25/2009 9:42:08 PM

was not and is not "spending" it was loans to add liquidity to the banking system. Don't get me wrong, I did not support that and Obama "changed" its intent by trying to control the banking system and control executive pay, then buying car companies etc. Many banks paid it back when they learn the new Obama conditions and those that have not are paying huge interest on the money and in somecases the equity will make the government money, not lose.

So the Tarp was not counted in Bush's spending and it is not counted in Obama's.

Why do you have a problem with the facts ... Obama is spending like a drunken salior. MM is talking about the defict on Obama's spending and the measure is the same as Bush ... he is not talking the budget. TOTAL government spending under Obama vs Bush .... war and all. If anything Obamas should be going down with less Iraq spending.