finally SOMEONE is holding the fraud Obama accountable ( Archived) (178)

Limbaugh and Beck have been getting disenfranchised DEMs to call to their talk shows.

Beck talked to woman from AZ for a long time today.....said she had been a DEM all her life. Began to become disenfrachised in the Hillary and Barack tug of war last fall. But could not vote for
McCain...so stayed DEM.

Said she was changing parties and was writing a letter to Congress in complaint of the TARPS I and II. Beck was so impressed with her letter he has it his web site and is starting a online petition to support it.

Basically she wants to kick them all (both DEMs and REPs) out of DC. Which is a hole lot of kicking to be done. Humm that to Elvis...'hole lot of shakin going on'.

Limbaugh talked with a young male DEM.....on the economic recovery. The young DEM.... a plant worker....said things had not changed where he was working. Still laying off people and benefits were down. Limbaugh explained how the stimulus packages were never meant to reach main street. The young DEM had a eye opener of a phone call.

In Flint MI, City council is talking of bulldozing 40% of the city. That is right 40%. Seems that 40% of Flint is vacant. They cannot see FED or State assistance coming time soon to aid them.
Now the FED has the Urban Renewal Act...that it could pore some of the TARP II stimulus funds into. But don't hold your breath hoping for this to happen any time soon.

It was not by error that President Obama and none of his administration failed to show at the annual conference of American urban cities this last week. They did not want to field questions from the cities mayors on why the TARP II was not making its way to them via the Urban Renewal Act.

Time for the three monkeys again, Conrad.

One last little piece of info.

Some of the failout banks are ready to 'repay' some $68b to the FED. That sounds great, whenever a party can repay such sums.

But it brings a question.

If 'repay' is the term being used here....then the TARP stimulus
package was:

a) a gift

b) a stock purchase by the FED gov't

c) a loan by the FED gov't

d) all of the above

e) none of the above

f) some of the above, but so confusing none knows.

Here is what I hope is happening. The FED whan it gave the stimulus money took bank stock....and became shareholder in the banks. That would be "b". Now that banks are repaying the stimulus funds, it a repurchase of the stocks that the FED hold. Meaning the Fed gov't is going to get out of the banking business.

What I suspect happening is...that the stimulus funds were handed out with a loan provision, meaning that the banks could repay them as they so fit. But that does not mean that they get their stock back.

But the real question here is.....with only 150,000 job of the 4m that Barack Obama said the stimulus funds would create....why is coming back to the FED gov't? $68b is lot of local SBA loans, alot of commercial contracts approval, a lot of house mortages...
why are these banks.....giving back money needed for the stimulus of the American economy?

To make this work...everyone has to be one the same side.....but with money coming back to the FED.....who knows where it goes next? Maybe to support the life style of GITMO detainees in Tahiti and Bali.

The question is why are the banks not lending this to local main street businesses/home owners to improve the economic condition here? Maybe that should be one of the 13 questions of a future media Q and A.

Except,that Maher is an even more Rabid Leftie than BHO!