Your Tax Dollars at Work

Over at The Corner, there are a couple of really great posts regarding the twin boondoggles, TARP and The Stimulus. First up is Iain Murray’s post, “Best Summary of TARP I’ve Yet Seen.” Quoting the quote:

After all, the whole premise of the TARP programs was to give extremely large amounts of public money to companies with demonstrated track records of mismanaging money, then assume there was no chance whatsoever the companies’ executives would be more concerned with their own paychecks than with the taxpayer.

The second (and I’m sure there are more), is Stephen Spruiell’s, “Dude, Where’s My Jobs Created or Saved?”

When asked to explain the phenomenon of stimulus-related job creation in non-existent congressional districts, Pound told the New Orleans Times-Picayune, “who knows, man, who really knows.”

With news that the President is considering another stimulus “jobs legislation” pacakge, I’m reminded of a phrase pledges of a certain (now defunct) “social club” in college were required to say after getting paddled with the giant wooden boards they were required to carry, “Thank you, sir! May I have another?”

TagsPolitics