A couple months ago, they cleared the way for the $700 billion TARP. The first $350 billion was released, it was not used for what it was originally intended. It did nothing to help the economy. That was the Bush administration’s doing. Now Obama has pushed the release of the other $350 billion. I am putting my bets on it going to the banks again. If it does, it’s no real surprise. Just do a little research and see where Obama got a good chunk of his campaign funding.
Looks like he’s spared change.
January 17, 2009
