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Well now, it was announced today that even though most of the big banks took TARP money, (which was intended to loosen up the credit markets and help the banks make more loans.) It seems that the banks took the money but are now making fewer loans?  How can this be? Simple, I submit that the banks never needed the TARP money in the first place. I suggest that the problems that have been caused by the current recession are not and was never as bad as we are being led to believe. Are more people out of work? Yes, without question.

 

However, the Wall Street elite saw an opportunity for free tax payer funds and took it, simple as that.

 

Just like the other industries, when the Government starts offering bail outs, everyone suddenly needs one, whether they actually need one or not.

Housing market, AIG, the auto industry, the list goes on and on. Think of it this way, If President Obama were to stand in the middle of your town square and or city handing out $100 dollar bills, how many people would go to see if they could get one? Does anyone think that it would matter if it was actually needed by the person trying to get it?  The only thing that might keep some people away would be the huge crowds of people that would be there trying to get the “free money”. I think that even if you told people that if they took that $100 dollars now it would actually cost them $500 in the future, the crowds would still be too large to count.

 

This is a simple fact of the human condition, does anyone remember before the election, the woman that was all over T.V. telling everyone who would listen that she intended to vote for Obama because he said he would pay her mortgage and put gas in her car?

 

I wonder if she ever got a check from the White House?