DEC. 11, 2009-- THE TARP FUND

AS PROMISED, HERE IS THE THE WEBSITE INFORMATION FOR THE CONGRESSIONAL OVERSIGHT PANEL OF THE TARP FUND.
THE GIST OF IT IS THAT BANKS ARE BEGINNING TO REPAY THEIR LOANS AND THE POWERS-THAT-BE SEEM TO THINK THE FUND HAS OFFSET ECONOMIC PANIC.

I SAY NO IT HASN'T. IT HAS SIMPLY MADE US 'LITTLE PEOPLE' REALIZE THAT WE ARE ON OUR OWN AND WE HAVE TO MAKE IT WORK... IN OTHER WORDS, IT KEEPS US QUIET AND DOCILE. FOR HOW LONG, I'M NOT SO SURE.

PRESIDENT OBAMA STARTED OFF THIS WEEK SAYING HE WAS HE WAS GOING TO END THE TARP FUND, AND EVEN BETTER, IT DIDN'T COST AS MUCH AS THEY THOUGHT. SO HE PLANNED TO REALLOCATE THE FUNDS INTO A JOBS-CREATION PACKAGE.

THIS ANNOUNCEMENT WAS QUICKLY RETRACTED, NOT BY THE MAN HIMSELF, BUT BY THE TREASURY DEPARTMENT. THEY ANNOUNCED THURSDAY THAT THE PROGRAM WILL BE EXTENDED THROUGH OCTOBER OF 2010.

WHAT THE HELL!

HERE ARE A FEW LINKS TO HELP YOU CATCH UP.

DON'T FORGET TO LISTEN IN TO THE SOAPBOX EVERY FRIDAY, 1-2 P.M. ON CAL STATE LONG BEACH'S GLOBAL RADIO STATION AT KBEACH.ORG.

OBAMA ADMINISTRATION EXTENDS TARP DEADLINE

CONGRESSIONAL OVERSIGHT REPORT, DEC. 9, 2009