The TARP Is A Trap (January 19, 2009)

No one has offered a plausible explanation of or justification for the continuing Bailout/Bribe know as TARP (Troubled Asset Relief Program).  [See the e-ssay dated October 6, 2008 entitled “A Bleak Day: The Trillions Dollar Tragedy”].  What was the problem in September, 2008 that had not been there for years and continues unabated today?  A “credit crunch”?  For the first time in years, the availability of credit was at a rational level.  Those who were creditworthy were able to obtain credit; those who were not were not.  We burned more money and more daylight while the underlying conflagration continued to rage.

Bumper sticker of the week:

Pouring water into a watering can does not water the plant; pouring water around the roots of the plant waters the plant.

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