In reading through the news, I was struck by an article concerning how the TARP (Troubled Asset Relief Program) will cost the taxpayer 4x more than originally proposed. Read that again. THE BAILOUT WILL COST FOUR TIMES MORE THAN WHAT THEY TOLD US!
Why the cost overrun you ask. Well, it seems that the brilliant minds that wrote the bill forgot to include the costs associated with the additional financing and associated programs run by the Fed (Federal Reserve) and FDIC (Federal Deposit Insurance Corporation).(What that means is that the administrative part of the government did not tell the CONgress what it would actually cost [i.e. the branch of government directly under the Hussein regime did not do their homework. ]) Let’s face it folks, the administration currently is in over its head. The low level of competence shown by such action makes one wonder what else are they incompetent about?
The empire must have its administrative fees covered it seems. This type of mismanagement is akin to a garage quoting the customer one price when the repair commences and then another price when their vehicle is ready. The added expenses being touted under such things as labor, inspection, federal excise tax, environmental fees and fees for disposal. When my garage does that, it is cause for concern, claiming you should have told me about those items when we started. Likewise CONgress should have told us about those items at the time of purchase. Instead, they tack on their administrative fees (which are more than the TARP program originally) as part of the price tag.
It remains to be seen what the incompetence of the Hussein regime (aka the reign of the Chosen One, aka the Sortero regime) will cost the South in terms of treasure and blood before it is all over. Not only are there cost overuns, the regime wants more of your children to fight its wars. They want to re-educate all your children to their way of looking at the world.
Neither Texas nor the Union of States can afford such programs.
Free Texas!
J Murrah
Free Texas
Congress and TARP, Current Affairs, FDIC, FED, incompetence of Obama administration, Political Well Being, President Obamas administration, TARP, Troubled Asset Relief Program
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