More proof: President Obama is not a Socialist

For anyone and everyone who has complained or who are still complaining about the TARP fund and how big it was and how it was going to cost us so much and how it was not going to do any good and how it was going to cost us so much and how it was not going to do any good and, after all, how rotten President Barack Obama and his administration are, check this out:

Exclusive:  Treasury’s TARP, AID Bailout Costs Fall to $30 Billion

The price to taxpayers of the bailouts and financial rescue of 2008 and 2009 continues to fall sharply.  In figures to be released later today, the Treasury Department will report that the final net cost of the TARP is expected to be about $50 billion, Yahoo! Finance has learned.  Add in expected returns from Treasury’s interest in insurance company AIG, and the final net cost will be closer to $30 billion.

So, let’s see, that would be—“it worked!”?

And keep in mind that it was the previous President, George W. Bush who started the TARP fund, too.  President Obama merely continued it because we were in severe and serious trouble, financially and economicaly.  He was trying to save our collective asses, so to speak, collectively, from a second “Great Depression.

Another bonus:  Apart from the funds spent on housing, Treasury now doesn’t expect to lose money.

Oh, and that money to save GM?  It worked to, don’t forget.  The company and all that manufacturing and the associated jobs are still right here in the US.

Conclusion?  The TARP program has been an enormous success from a policy perspective—it saved the financial system and averted a second Great Depression at a very low price to taxpayers.

But do you think the Republicans, Conservatives, Tea Party members or anyone on the Right will acknowledge this good news?

Certainly not.

I think this is where we jump in and say a) we told you so (he didn’t do it to be a “Socialist”) and b) we now need you to go back, shut up, stop complaining and start to work together, all of us, so we can solve more (eventually all?) our problems.

Especially you, Mr. Beck.

Link to original post:  http://finance.yahoo.com/banking-/article/110920/exclusive-treasurys-tarp-aig-bailout-costs-fall-to-30-billion?mod=bb-budgeting

Quote of the day --on Citigroup (or as Bill Maher says "Shittygroup")

"Citigroup...repeatedly rescued by the government since the Great Depression...shouldn't continue in its current unmanageable form...Any bank that needs that much help doesn't deserve to exist." --Nouriel Roubini and Stephen Milm, from their new book "Crisis Economics: A Crash Course in the Future of Finance", quoted from The New York Times Book Review this past Sunday

Whole new world

The American people, by and large, don't know that the world around them is changing, wholesale, in so many ways, and isn't going back to the way it used to be.

At all.

One study I saw recently pointed out how our workforce is going to end up being occupied, mostly, by females.

Don't get me wrong--I'm no sexist.

This, to me, is not a bad thing, it's just a matter-of-fact.

And the thing is, up to now, it's not been the other way around, uh, let's see--FOREVER?

And the thing is, it combines two factors.

One is that it is cheaper in the entire world, sadly, to hire women than men so that lends to this trend significantly.

The other thing is that, at least in the United States, more women are going to college than men--and that's a change, too, of course.

There are so many worldwide and nationwide changes that are taking place right now, it's hard to keep up.

Many, many political scientists and economists think that it's highly likely that the United States may have already lost its position in the world, politically and financially.

Smaller issues are about the fact that Caucasians are fewer in number all the time in the US. Hispanic and Latino populations are growing in size every year. We've already passed the place where "White" people were the majority.

If the financial situation pans out the way so many economists warn, America will have fallen from our place of power and strength, at the same time the White Man realizes he's lost his place alongside both women and Hispanics and Latinos.

Believe me, it's not a problem for me.

Let's hope it's not a problem for people of lesser educations and financial means.