After the fanfare and good tidings which created that tingling sensation that ran up and down our spines when Barack Obama and team redistributed more of our federal tax dollars through the TARP scheme for “shovel ready” jobs (remember Jobs, Jobs, Jobs) it’s time to see exactly what the consequences are. First of all, no one can really document the success or inherent failure of the bailout because much of the statistics reported on the government web site are fictitious, listing districts and towns that don’t exist as having received dollars from nanny. We do know that most of the money has never been spent even though we were told that we must act immediately. Today on the front page of the Philadelphia Inquirer, our liberal governor, “slick Eddie” Rendell is calling for natural gas drilling taxes and raising tax on personal income. Taxes that will stifle exploration and extraction of this energy source which is still in its infancy. We just witnessed the Pennsylvania lawmakers from both parties object to a broad based tax increase which delayed a budget approval by 101 day impasse. Why is Rendell bringing this unpopular idea up again? To deal with the budget shortage “tsunami” created as the federal stimulus dollars dry up. Get it? Now additional taxes must be raised on a state and local level to continue supporting all these “jobs” that were allegedly created. As long as liberal democrats and sleepy citizens continue on their drunken spending spree, the working men and women of this great country will have to work even harder so that Washington can continue to spend our money. The actual cost of spending dollars at a federal level is often times pushed down to state and local government to make up for shortfalls for the local working citizens (those paying taxes) to deal with. I hope you’re enjoying your TARP funded job. By the way, do you know anyone who received a job as a result of TARP?
No i don’t know of any. It is like the “LBJ Great society” program during his reign. Ford as well as other co’s had to hire hard core workers. They had to furnish shoes,and clothing, and they were so lazy they wouldn’t tie their shoes. They didn’t work thirty days, before they all quit. So much for federally funded jobs, and extra cost to the company for training….etc..
My husband works in construction and he’s still waiting for the elusive shovel ready jobs to appear.
I noticed a news item out of VA. A massage parlor received $168.000.00 from the stimulus money..give-away.
I just read an item in two newspapers (Lexington Progress and Parsons News Leader)
plants shut down before Christmas, leaving employees without last paychecks,without notice..seems the company was geting stemulas package, Government- paying half the wages…the company won’t answer questions,…wondering if it’s a lig..company????