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alstry (< 20)

Who Is Advising Obama????



February 02, 2010 – Comments (3)

Obama to outline $30 billion in small bank loans from TARP

America has over $50 TRILLION dollars of public and private debt....most of the debt is non federal.

Just interest on the debt exceeds $2 Trillion dollars per year.

$30 Billion is not even cover servicing the interest for one week on our outstanding debt.......and this is the amout the administration is proposing to prop up the entire group that is the largest employer of citizens in America???? 

To keep things in perspective, $30 Billion is barely more than the bonuses paid to just GoldmanSachs employees for one year.

My guess is not a single outlet in the mainstream press will pick up on this little fact..........


3 Comments – Post Your Own

#1) On February 02, 2010 at 9:53 AM, ChannelDunlap (< 20) wrote:

Really?  Small banks are the largest private employers?  Interesting.  You learn something everyday.

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#2) On February 02, 2010 at 10:06 AM, alstry (< 20) wrote:

Thanks for the clarification guys are really helpful.

The money is intended for loans to small business.....I thought most people knew mistake.

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#3) On February 02, 2010 at 1:31 PM, ChannelDunlap (< 20) wrote:

Oh well.  Guess I caught a flaw.

Time to post a new blog!

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