Changes

:House Republicans insisted there was no way the Bush administration could legally bailout auto firms within the framework of the financial industry bailout known as TARP.

:House Republicans insisted there was no way the Bush administration could legally bailout auto firms within the framework of the financial industry bailout known as TARP.

:It is widely known that the first round of TARP money was overspent and unaccounted for. All financial bailout programs were created from scratch less in less than six months. As such, transparency, accounting and general oversight is lacking when it comes to hard-earned taxpayer provided funds.

:It is widely known that the first round of TARP money was overspent and unaccounted for. All financial bailout programs were created from scratch in less than six months. As such, transparency, accounting and general oversight is lacking when it comes to hard-earned taxpayer provided funds.

:Bailout banks have had trouble returning money back due to the failure to relinquish ownership by the U.S. Government.

:Bailout banks have had trouble returning money back due to the failure to relinquish ownership by the U.S. Government.

:America is a debtor nation, we spend more than we save. The dollars value has plummeted against world currencies. Gold prices remain at record levels.The money that we don't have, but spend, will be a debt that future generations will have to worry about. This has brought rise to the term 'Generational Theft' in describing Obama policies.

:America is a debtor nation, we spend more than we save. The dollars value has plummeted against world currencies. Gold prices remain at record levels.The money that we don't have, but spend, will be a debt that future generations will have to worry about. This has brought rise to the term 'Generational Theft' in describing Obama policies.

:"It's time to terminate the TARP program," Rep. Jeb Hensarling, R-Texas, told reporters on Monday. "TARP is increasingly not being a vehicle for economic stability and taxpayer protection but is evolving into 700 billion dollar revolving slush fund that the administration can use to advance economic, social and political agenda items far and apart from what Tarp was ever designed to do." [http://www.foxnews.com/politics/2009/06/08/house-republican-moves-terminate-tarp/ House Republican Moves to 'Terminate the TARP'] Fox News,  June 08, 2009</ref>

:"It's time to terminate the TARP program," Rep. Jeb Hensarling, R-Texas, told reporters on Monday. "TARP is increasingly not being a vehicle for economic stability and taxpayer protection but is evolving into 700 billion dollar revolving slush fund that the administration can use to advance economic, social and political agenda items far and apart from what Tarp was ever designed to do." <ref>[http://www.foxnews.com/politics/2009/06/08/house-republican-moves-terminate-tarp/ House Republican Moves to 'Terminate the TARP'] Fox News,  June 08, 2009</ref>

 

==See also==

==See also==