As if there were any doubt at all the Senate has voted to release the other half of the TARP money with just a few objections. Let's hope Geithner gets through his asinine tax problems and gets confirmed at the quickstep so he can spend some of this money. That $100 billion to stop foreclosures was needed yesterday.
Senators defeated, 52-42, a resolution that would have prevented the release of the second half of the $700 billion in the Troubled Asset Relief Program, enacted last year to boost the sagging U.S. economy.
�It�s money that can be spent, may be spent, by the new president, Barack Obama,� Illinois Democrat Richard Durbin said before the vote. �I want to give President Obama the tools he needs to breathe life back into this economy.�
Thursday, January 15, 2009
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» Obama Says Jump and the Senate Says "How High?" on TARP funds
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