The Conservative Nation

Back on April 5th, I wrote about President Obama refusing to allow banks to repay TARP funds in a post titled President Obama Refuses Repayment Of Tarp Funds-Wants Control Of Banks. This week Dick Morris, former advisor to Trent Lott and Bill Clinton, has written about how the Obama Gang will pull off the take [...]

I think you can say it is official now, President Obama and his gang, er, um team, want to control the banks, just as they now have control of Chrysler and GM. Why do I say this? Recently four small banks in LA, NY, IN, and CA returned their TARP money-a piddling $340 Million, but when one of the larger banks that had to take TARP funds-close to a billion dollars-tried to return theirs, the Obama gang refused to take it.

Today is the last day of February and it has to be one of the worst months, financially, that our country has seen in over a generation. While scanning the headline on the various news related websites, it is very apparent that we are in for a rough time for the remainder of the year, [...]

Economist John Williams, who publishes the Internet website Shadow Government Statistics, has reported that the $455 billion budget deficit, computed on a cash accounting basis, for 2008, is actually $5.1 trillion when computed under Generally Accepted Accounting Principles (GAAP) and does not reflect a significant amount of money from the bailouts or Troubled Asset Relief [...]

We haven’t even finished disbursing TARP 1 funds and the Obama Administration is already talking about a TARP 2 with a price tag of $2 Trillion, yes that’s right two trillion more dollars, and we are not even sure what happened to the money that has already been given out. Treasury Secretary Timothy Geithner pledged [...]