The TARP is Now the CARP

[...] They are becoming banks so they can get of the piece of our tax dollar pie...rather than backing mortgages, it looks like will be shoring up unsecured debts and depreciating assets. The TARP is Now the CARP at The Brian Sullivan Blog [...]

I wonder if at some point someone will sue on the grounds that this bailout nonsense is actually unconstitutional. The gov't does not have any enumerated powers in the constitution that allows it to do this. But I guess that hasn't stopped it before. And even if sued, I'm sure that our current Supreme Court would find the federal power implied in there somehow. Kinda like when they butchered the 5th Amendment in the Kelo decision. The 5th amendment only allows the gov't taking private property for public use if there is just compensation. In the Kelo decision, the local gov't took the property of private middle class citizens (homes) and then sold it to a developer who promised to build a commercial office park which would bring in higher property tax dollars. It wasn't to build a badly needed road or any other critical public infrastructure, nor were the properties in bad shape. These were perfectly fine, middle class homes. Well the homes have been bulldozed. However, no commercial property has been built. George Washington, were he alive today, would be reaching for the his gun.

I,ve known for a long time that the higher ups in the media "know" whats really taking place, I,ve also known for a long time that your average media type is not a free thinker and is as blind as the masses(just read the drivel they print and that conclusion is obvious) This economic mess has been "planned" for a long time,the current rhetoric and so called attempts to "fix" the mess are simply a charade. The elite will find it necessary to introduce a new world cashless financial system, a system by the way, where the middle class no longer exist,nor their 401k,s, nor their guns or their freedoms.Just wait until they announce it, you,ll be amazed that every i will be dotted and t crossed,a system that would have taken "years" to devise and organize will supposedly be dreamed up in one of their famous weekend meetings.

I have not had this much enjoyment reading comments in years. I think there are many really good thinkers on here. Carp = crap the best is TURD. God love you all. And yes it is crazy.

I do not believe Pauslon's "argument", that the facts changed, thus we gotta have a different plan. I am more inclined to think that some staffers did not do THOROUGH research. It's not the first time, ie "Iraq has WMD"...

The TARP was CRAP when it was approved. It seems the only provisions in the orginal bill that remain are the bribes (earmarks) given to members of cogress.

These people are raping us! We are bailing the billionaires out, and they are not held accountable at all for their stupid mistakes and bad decisions (greed). Folks, we have been lied to. And instead of sitting back and doing nothing at all, we need to stand up and do something about this. We are being robbed blind! In addition to this, I bet Congress will not blink an eye when they vote for their raise. After all, the members of Congress do not pay taxes (the IRS), they do not pay into Social Security, their retirement and medical benefits are free, and paid for by the blood and sweat of the tax payers! Yes, they have lost their minds alright. They are elected public officials and should have the same pay and benefits comparable to the US Military. If you stop and think about all of this crap going on, one may wonder if this is a scheme to speed up "the one world order" plan that has been discussed and planned out behind the scenes for many years! Part of "the one world order" is the redistribution of wealth!