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Old 03-24-2009, 02:56 AM
 
Location: Georgia, on the Florida line, right above Tallahassee
10,474 posts, read 14,494,671 times
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700 billion, 1 trillion. What's the diff. It's just money.

Treasury unveils plan to buy troubled assets - Economy in Turmoil- msnbc.com

The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase assets and equity from financial institutions in order to strengthen its financial sector.

You mostly sell insurance? Great...you get TARP.
Are you a credit card company? TARP for you.
Auto industry? Here's some TARP.
Auto Parts industry? Here's 5 billion from TARP.

Are you financial institution? Nevermind, doesn't really matter. Come on in, have some TARP.

Imagine if every neighborhood kid came to your house for an allowance. Imagine if their parents called and complained to you when you didn't give their kids an allowance. Imagine that you can't turn your phone off or not answer the door. Imagine you only make a few thousand a month, and you need 10's of thousands to make them all happy. You'd have to borrow from somewhere, to make all those kids dreams come true.

I'd hate to be President, right now; that's for sure.

Reminds me of a game we used to play on May Day. Kids would run under a parachute and the parents would lift it up and down. The last kid who didn't get caught won a prize. Quite often, kids would be so excited and running and would bang into each other....often resulting in a little crying kid. I think our economy is like that game.
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