Browsing the archives for the TARP tag

Mitt Romney Is Obama Light

Mitt Romney is another in a long line of Progressive Republicans also known as Republicans In Name Only or RINO’s. The only thing conservative about the former Governor of Massachusetts are his suits.

Romney talks a good game and is by far the most polished debater of the Republican field but just because someone can deliver a quick one-liner doesn’t mean he’s qualified to be president. We’re not going to elect Jerry Seinfeld or Chris Rock president any time soon just because they’re good at delivering witty repartee.

Like President Obama, Romney has a habit of stating one thing to the media and implementing a policy that is exactly the opposite of what he said. The similarities don’t end there,

GM Stock Drops Below IPO Price, Blows $40M On Fantasy Carbon Credits

Although Government Motors proudly claims to have paid back all of the TARP funds sunk into the company by George Bush and Barack Obama, Sen. Chuck Grassley has already pointed out that they have paid back their loans using other bailout money.

Back in April of 2010 we learned:

Sen. Chuck Grassley’s charge was backed up by the inspector general for the bailout — also known as the Trouble Asset Relief Program, or TARP. Watchdog Neil Barofsky told Fox News, as well as the Senate Finance Committee, that General Motors used bailout money to pay back the federal government.

“It appears to be nothing more than an elaborate TARP money shuffle,” Grassley, the ranking Republican on the Senate Finance Committee, said in a letter Thursday to Treasury Secretary Timothy Geithner.