Meanwhile, Back At The Ranch…

Or in this case, back to the TARP, which has seemingly been forgotten, dropping off of the radar, which is, what I believe was the administration’s attempt to imitate David Copperfield, misdirecting everyone’s attention with all the flying donkeys that spin around the room. You have the TARP, Stimulus 1. stimulus 2, cash for clunkers, Cap & Tax, the healthcare- it’s enough to make your head spin, and that is what King Hussein wants. Like a con artist at the old shell game, he counts on the public not being able to keep up.

So it is up to us to try and keep score- after all, this is our money, not a bit of it is Hussein’s– and since he is not going to be transparent, we have to slice through the myriad layers of Chicago Bullsh*t that these people erect to disguise their thievery.

Despite a new oversight panel, a new special inspector general, the existing Government Accountability Office and eight other inspectors general, those charged with minding the store say they don’t have all the weapons they need. Ten months into the Troubled Asset Relief Program, some members of Congress say that some oversight of bailout dollars has been so lacking that it’s essentially worthless.

“TARP has become a program in which taxpayers are not being told what most of the TARP recipients are doing with their money, have still not been told how much their substantial investments are worth, and will not be told the full details of how their money is being invested,” a special inspector general over the program reported last month. The “very credibility” of the program is at stake, it said.

news.yahoo.com

That’s right- we the people, in the form of the special inspector general who is appointed specifically to keep track of where the money goes, will not be told by Treasury just who has what money, and how effective this program has been. This is not just an unforgivable lack of oversight, but a criminal offense, when Treasury stonewalls like this.

Henry Paulson , the Treasury secretary under former President George W. Bush , repeatedly stiff-armed the panel. Timothy Geithner , the current secretary, has been more open, but so far has testified just once before Warren’s group. Geithner is scheduled to appear again in September, and has agreed to do so quarterly, and two other senior Treasury officials also have appeared.

The relative lack of testimony from top officials, however, is one reason why critics of Warren’s panel think it hasn’t delivered on its promise.

In June, in an otherwise mundane congressional hearing, Republican Rep. Kevin Brady of Texas surprised Warren with an aggressive critique of the panel, saying it’s failed to help taxpayers understand what Treasury is doing with the billions at its disposal.

“There’s been very little value that the panel has brought to this issue or even insight on how these bailout dollars have been used,” he said. “I frankly believe at this point, given the reports that we’ve seen again with little value, I think the panel needs to be abolished.”

news.yahoo.com

Yes- to say that this panel hasn’t delivered on it’s “promise” is an understatement indeed- but what do you expect from people appointed by the one person who wants this to stay opaque- King Barama. He is relying on his minions to keep the transparency out of the equation, no matter what he said. For him, words are indeed cheap. But the value of keeping the public’s head spinning? Priceless.

Such a juggler- but then he has a supporting cast that only a Nazi could love- all those “Czars”- I have counted 28 of them so far, but the day is young. Most of these are either avowed Communists, Socialists, or environmental whackjobs. A few, the ones that will be overseas, are more mainstream- I guess the more mainstream you are, the farther from the halls of power you end up- the more radical you are, the more access you get with the Resident.

Together, they are assisting the Resident in fooling the American People- TARP is just one program that is not living up to it’s promise. There are others, and I will get into them soon, as well as these unsupervised, unaccountable “Czars” who want to rule us as the Czars did in Russia in the past.

The more things change, the more they stay the same.

Blake

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One Response to “Meanwhile, Back At The Ranch…”

  1. Blake says:

    I am quite frankly surprised no one has commented on this post since the subject (the TARP) was what began it all, and keeping an eye on this glob of our money will show us where the rest of it is headed, and the future looks pretty bleak, regarding this money that WE HAVEN’T YET SPENT- why? I believe Hussein wants to “save” it for 2010 or 2012, where it might help HIM, not the public. That is dishonest.