Posted by
Annie on Tuesday, November 18, 2008 12:00:00 AM
In other editorials, you’ve heard me mention freezing our bailout money. Bringing in a team of high powered economists who would initiate a stimulus plan that would do more than a little jump start here and there…
I mentioned repeatedly that Paulson, Pelosi, Dodd and Reid are not qualified to take control of our money or make wise decisions. Here is the proof of that statement!
Paulson (Treasury Secretary) has egg on his face once again. Our bail out money, now referred to as TARP was not used for the original purpose to buy out toxic assets. Paulsen said the money wasn’t earmarked for stimulating the economy, but for stabilizing the financial system.
That’s a hard pill to swallow, because nothing has been mentioned about oversight, government transparency or regulations. Americans must know the lending insititutions receiving our money, what rate of interest they are being charged and what occurs in the event of default.
Paulsen says he’s working on programs to assist homeowners by avoiding more foreclosures. It appears that once again Democrats played “Poker” behind our backs and the middleclass will be the ones to take the hit.
There is still some TARP money in the kitty – contact your federal representatives and request a freeze on our money until a team of qualified economists are hired.
When everything is over but the shouting – the Democrats will point 10 fingers at the Republicans and blame them for misusing the “bail out” money.
Here’s two sites to check out if you have any doubts about misuse of your money. Homeowners and the middleclass are last on the list to receive help.
Money News. Paulson: Must Preserve Bail Out Funds or
Money News. Paulson, Bernanke Defend 700 Billion Bail Out Plan
We’re always the last to know and the first to get hit – “May God Bless America.”
As Always, Annie
http://www.yourannie.com