Let's Do the TARP Time Warp - The American Spectator | USA News and Politics
Let’s Do the TARP Time Warp

Originally, the $700 billion bailout package was picthed as a way to remove toxic assets from the financial system so that credit would flow freely once again. That idea was scrapped shortly after Paulson and Bernanke got their money. Now, the Fed Chairman is making the case for Congress to allocate the second $350 billion authorized in the bailout package, and the Washington Post reports:

Among other steps, Federal Reserve Chairman Ben Bernanke and vice chairman Donald L. Kohn suggested taking troubled assets off the books of banks — a strategy that Fed officials backed before it was abandoned months ago — and also using some of the money to help homeowners at risk of foreclosure.

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Stop the Inflation Grinch From Stealing Christmas!

That’s right, the Grinch (Joe Biden) is coming for your pocketbooks this Christmas season with record inflation. Just to recap, here is a list of items that have gone up during his reign. 

Gas: 40%+
Beef: 20%+
Used Cars: 20%+
Lodging: 17%
Eggs: 13%

What hasn’t increased? The cost to subscribe to The American Spectator! For a limited time, we are offering our popular yearly subscription for only $49.99. Lock in the lowest price of the year by subscribing today

The Grinch Stole Christmas Sale
Commander-in-chief of Christmas inflation