‘This bill offends my principles, but I’m going to vote for this bill…in order to preserve this free enterprise system’
A round-up of some of this week’s biggest developments on Capitol Hill.
Gingrich is a great speaker, but he stands for everything the tea party opposes.
Wall Street firms earned more under Obama than 8 years of Bush - Washington Post
TARP, Bailouts drove financial sector’s recovery ahead of the rest of the economy
Treasury calls intervention ‘major accompishment’
Banks using new government loans to pay back TARP - Boston Globe
Hundreds of small banks still in debt from TARP are filing for new Small Business Lending Fund
Hollywood Political Watch - TheDC
George Clooney is the $700 billion TARP man, Bieber gets ditched by Israeli PM, and Yoko Ono apparently doesn’t like greed
Utah Sen. Orrin Hatch is asked about his conservative principles while participating in CPAC panel discussion
MSNBC host uses slang to explain more was spent on seemingly less relevant investigations than the Financial Crisis Inquiry Commission investigation
Talker says Speaker John Boehner should answer questions about spending cuts with an old line from his predecessor
The Obama administration has constructed a political narrative that dispenses with facts and undermines confidence in the US economy.
Retiring Republican Sen. Judd Gregg hails TARP for staving off “a cataclysmic event”
Walking a fine line - TheDC
House GOP treads cautiously with Tea Party in effort to keep Bachmann and her ‘antics’ out of leadership
If the economy enters a double-dip recession the companies could cost taxpayers an additional $124bn on top of the $135bn already spent
Sen. Thune defends TARP vote - The Hill
The program deviated from its original intention but Thune said that it was the right vote to make at the time
Sunday marks the two-year anniversary of TARP. Looking back, it’s clear that TARP didn’t live up to expectations.
It could end up losing much less than the initial figure of 700 billion
5 Democratic representatives run ads touting votes against TARP, despite not being in office at the time
The fundamental principle of conservatism is freedom. Hard-working, law abiding, compassionate Americans whose motivation revolves around this principle are not to be feared but to be embraced
Treasury decisions may have affected closing of small businesses and unemployment