The Mudcat Café TM
Thread #115883   Message #2842645
Posted By: Sawzaw
18-Feb-10 - 12:09 AM
Thread Name: BS: Popular Views: the Obama Administration
Subject: RE: BS: Popular Views: the Obama Administration
With the unemployment rate in the U.S. lingering just below 10% and the midterm elections just nine months away, job creation has become the top priority in Washington. President Obama has called for transferring $30 billion in repaid bank bailout money to a small-business lending fund, saying, "Jobs will be our No. 1 focus in 2010, and we're going to start where most new jobs do: with small business."

WHY? so that $30 billion can be put on Bush's tab, It was supposed to be returned to the treasury by law but now it will show up as a deficit created by the previous administration and Obama can take credit for whatever benefits come from spending an additional $30B we have to borrow from the Chinese.

People with very little knowledge of what is actually happening keep complaining about Bush "giving money to the banks"

It was a loan to be paid back with interest.