Disgruntledpatriot's Blog

July 3, 2009

Yet Another Example of Government Ignoring Common Sense

Filed under: Sick and Tired — Trever Bierschbach @ 7:36 am

Well all remember the TARP bill right, that little piece of legislation that was going to bail out banks, big business, and all that.  Remember how upset people were that it passed?  Well, there was one small shred of common sense in that bill, it said that all profits made by the government from the loaning of TARP funds would be put into the general fund and used to pay off the national debt.  You know what is great too, we have made profit, WE have gotten a return on our $800 billion investment.  I believe the count is 31 now, 31 financial institutions have paid back their loans they got from the government and paid the dividends on the stock that WE taxpayers bought.  Isn’t that great?  That lame-brained scheme to save the financial sector seems to be working to a small degree, and it is making us some money we can finally use to get out from under this crushing debt the nation has.  Well, hate to burst your bubble but Mr. Barney Frank and some of his cronies want to take that profit and spend it on a program he has been trying to get through for years now.  WE can’t let this happen, it was OUR money they took to do this thing, and that profit is OURS, it is OUR return on OUR investment.

The bill is HR 3068, the TARP for Main Street Act of 2009.  You can read it here.  Hopefully this won’t make it out of committee, but watch it here, and if it does go to the house, call your representatives.  Tell them they have no right to do this with OUR money.



  1. Thanks! This slipped by me somehow.

    Maxine Waters is a co-sponsor. That is the woman who offered the gem that she’d be happy to “socialize” oil companies. She stopped mid-sentence in an effort to say the same thing in a slightly different manner.

    …the Secretary of the Treasury shall transfer $1,500,000,000 to the Secretary of Housing and Urban Development and such Secretary shall use such amounts for assistance to States and units of general local government for the redevelopment of abandoned and foreclosed homes…

    *edited* idiots.

    The good news is that a bill referred to committee is often just tossed.

    To be sure that your 4th is ruined, here’s another to consider: HR 676. It was introduced in an earlier congress, but has picked up on 80+ cosponsors. I stood up in a town hall meeting with my congressman (*edited* David Scott) and asked him his opinion on the bill. He was solid gold for the next few minutes. Not solid gold as in “good”, but solid gold as in the bikini-clad dancers. First, he didn’t know what the bill was, then I explained it to him and he proceeded to avoid answering the question. The beauty of this was that he had signed on as a cosponsor only weeks before!!. The good news is that Obama’s plan differs from HR 676. The best we can hope for is infighting, confusion, and chaos. Congress’ inaction seems to be our only path to safety.

    Comment by Ike D — July 3, 2009 @ 3:38 pm | Reply

  2. Sorry to edit that Ike D, but civil discourse is a two-way street in my opinion. I do appreciate your comment and continued visits to the blog. The level of ignorance from our government is staggering at times.

    Comment by disgruntledpatriot — July 3, 2009 @ 4:16 pm | Reply

  3. Sorry, I find myself increasingly uncivil as I follow the news. My passion is only bested by my patience. My wife tells me to stop reading the news, but it’s like an addiction for me. I’ll try to keep it G-Rated from now on.

    Comment by Ike D — July 3, 2009 @ 7:13 pm | Reply

  4. I know what you mean, my wife leaves the room when I watch the news because I tend to yell at it.

    Comment by disgruntledpatriot — July 3, 2009 @ 10:29 pm | Reply

  5. You should start worrying when the news starts yelling back.

    Comment by Ike D — July 4, 2009 @ 8:27 pm | Reply

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