pick one

[War Wagon]

where's the choice for 'none of the above'?

[Q, West Coast Style]

Johnson did ok, but according to the sample audience on Fox, the big winner of the debate tonight is Herman Cain.

Barack Obama was the big winner.

Although I'll admit I liked some of what Paul and Johnson had to say.

[Diego in Seattle]

Debate tonight on Fox.

An easy choice for me: Gary Johnson.

"Big Hands" died last year.

And add my vote for "none of the above."

[Cuda]

And add my vote for "none of the above."

Totally predictable, seeing as how none of them are under 6 years old.

[MgoBlue-LightSpecial]

Re: Ron Paul

Since when can you trust a man with two first names?

[mvscal]

Johnson did ok, but according to the sample audience on Fox, the big winner of the debate tonight is Herman Cain.

Cain is hack. That tard was bubbling over with praise for the TARP bailout calling it a "win-win" for the taxpayers.

No thanks....NEXT

[smackaholic]

I'll take Paul.

Still a little uncomfortable with his hands off foreign policy, but, we got bigger problems at home with getting the federal parasites to stop sucking the life out of us. Paul is the one with the most cred in this area.

[MadRussian]

Its depressing those are the choices for the GOP

[mvscal]

I was strongly against TARP when Bush rolled it out and when Obama gave out the second batch.

I'll happily admit I was wrong in that opinion since all of the funds have been paid back and the Govt. has shown a profit on that initiative so far

Still struggling with reading comprehension, I see. Why don't you back up and take another run at it, Corky.

[Terry in Crapchester]

If this is the best the GOP can do, might as well start making plans for Obama's second inauguration now.

[LTS TRN 2]

KC, you seem to be missing the basic fact that these criminally negligent banks should not have been rewarded with a big juicy new opportunity to make money--i.e., big fat hand out for their use--which was NOT the loans and financing they had promised. If one believes the canard of "too big to fail," that we simply had to do it, well you'll believe anything. But the bottom line is that the huge bailout was simply more shameless and craven profiteering from an increasingly rapacious plutocracy. You know, the galling and dramatic disparity of wealth (throughout the world, not just here).

WW

[mvscal]

I'll happily admit I was wrong in that opinion since all of the funds have been paid back and the Govt. has shown a profit on that initiative so far

WASHINGTON—The U.S. Treasury Department said Friday the total amount repaid to taxpayers for government funds used to bail out U.S. companies has surpassed, for the first time, the amount of outstanding debt.

The Treasury, in its May report to Congress on the Troubled Asset Relief Program, reported TARP repayments reached $194 billion, which has exceeded by $4 billion the total amount of outstanding debt—$190 billion.

However, the outstanding debt amount does not include $106.36 billion that has been committed to institutions but has yet to be paid out by the Treasury. Factoring in that amount, the outstanding debt would be roughly $296 billion.

According to the report, $489.88 billion has been committed to specific institutions, and $383.52 billion of that has been paid out by Treasury. The department said it does not expect to use more than $550 billion of the $700 billion program.

A Treasury official described the manner in which the department characterized the totals as "a cash flow issue."

"Going forward, there will continue to be repayments and expenditures on both sides of the ledger," the official said, making clear that "the other money has not ultimately been dispersed yet."

With that said, the Treasury's report indicates that the department has already signed contracts with institutions regarding the already and to-be distributed funds.

Still, the Treasury's assistant secretary for financial stability, Herb Allison, in a statement described the totals as a "milestone" and said this is "further evidence that TARP is achieving its intended objectives: stabilizing our financial system and laying the groundwork for economic recovery."

The preliminary benchmark was reached in May when the Treasury completed its sale of 1.5 billion shares of Citigroup Inc., "a transaction that provided gross proceeds of $6.18 billion to taxpayers," the Treasury said.

TARP investments posted an additional $23 billion return, bringing total revenue to $217 billion through the end of May, according to the Treasury.

Despite the government's positive investments made through the TARP program for banks, taxpayers could still face a loss on the program.

The Obama administration estimated last August that the total cost of TARP would be $341 billion. The Treasury, in May, told Congress that the lifetime cost of the program had decreased to $105.4 billion.

Looking ahead, the Treasury said additional expenditures from the TARP program are likely to focus on housing initiatives, and other programs that are tailored to help smaller banks and the securitization markets.

The department still anticipates repayments to continue to exceed the outstanding debt

Unless you are Daft, dumb and blind this article is simple enough even for a Non-People Person to comprehend

You are a complete and utter dumbfuck. Good job kicking your own ass, you stupid fuck.

$489.88 billion has been commited.
$383.52 billion has been paid out.
$193.52 billion has been repaid.

That means $190 billion remains due currently with another 106 billion due when the rest of the disbursments are made. That means that all of the funds HAVE NOT been paid back and the government HAS NOT shown any profit. It also means that you can't read on anything beyond a fourth grade reading level.

Fist yourself again, Corky.

[mvscal]

Yes, your first clue should have been the term 'outstanding debt.' Rather difficult to have "all funds paid back and a profit shown" when there is still $190 billion in outstanding debt, wouldn't you say?

You fell for a carefully crafted piece of propaganda designed to snare the stupid and the lazy.

[mvscal]

So, much like your prediction for the markets, you're not predicting TARP ever breaks even?

Is that supposed to have something to do with your false claim that "all funds have been paid back and the government showed a profit"?

I'd be a little more interested to see whether or not the alleged $194 billion that was paid back was paid with different government loans like GM did.

There is no "win" in this deal for the taxpayer. Only the dumbest of fucks thinks there is.

[mvscal]

Is that supposed to have something to do with your false claim that "all funds have been paid back and the government showed a profit"?

Wasn't me that said it - it was the WSJ article -

No, they didn't say it. You just can't read. As I said, it was a propaganda trap for the stupid and the lazy.

Which one are you?

[mvscal]

No, they didn't say it. You just can't read. As I said, it was a propaganda trap for the stupid and the lazy.

Which one are you?

And yet

The Treasury, in its May report to Congress on the Troubled Asset Relief Program, reported TARP repayments reached $194 billion, which has exceeded by $4 billion the total amount of outstanding debt—$190 billion.

Youre avoidance of fact and truth is blatant

What possible motive would WSJ for spinning anything positive to an Administration they loathe?

Nothing quite so ridiculous as persistent stupidity with a side of closeted homosexuality. I guess that's how they roll in KC.

I would ask if there was something about the term 'outstanding debt' that you don't understand but the answer is clear.

[mvscal]

Of 190M owed on specific relief, 194m was paid back

WRONG

According to the report, $489.88 billion has been committed to specific institutions, and $383.52 billion of that has been paid out by Treasury.

Quick, what is $383.52 billion minus $193.52 (rounded up)? Tired of kicking your own ass yet, idiot?

[mvscal]

the 194M paid back is by the companies that 190m was loaned to - not the total sum of the entire Tarp

$384 billion loaned out. $194 billion paid back which leaves $190 billion outstanding. It's right there in black and white for those who can read on a fourth grade level.

Now run along, pop open your shaved junk dossier and have yourself a bitter hate jerk. Deep down you know it isn't my fault that you're an idiot. Look on the bright side, it's a minor miracle that a weak swimmer like you ever hit ova paydirt in the first place.

[titlover]

stupid, stubborn and Betty fuckin' crocker - simply outstanding........

the 194M paid back is by the companies that 190m was loaned to - not the total sum of the entire Tarp

No wonder you failed in the markets

'A fool and his money" ......... you know

uhhh, pretty sure they are saying that over 50% of what was lent has been payed back. like a ratio ya know. 194/384=50.5% has been paid back.

[titlover]

how in the fuck do you get that from this sentence?

The Treasury, in its May report to Congress on the Troubled Asset Relief Program, reported TARP repayments reached $194 billion, which has exceeded by $4 billion the total amount of outstanding debt—$190 billion.

uhh, because 194 is 4 more than 190, which is what is left outstanding to repay of the total lent, which is 384?


wow.

[Tom In VA]

[Dinsdale]

which has exceeded by $4 billion the total amount of outstanding debt—$190 billion

How would 194 Billion exceed 384 Billion?

Truly a :facepalm: moment.

[titlover]

how in the fuck do you get that from this sentence?

The Treasury, in its May report to Congress on the Troubled Asset Relief Program, reported TARP repayments reached $194 billion, which has exceeded by $4 billion the total amount of outstanding debt—$190 billion.

uhh, because 194 is 4 more than 190, which is what is left outstanding to repay of the total lent, which is 384?


wow.

which has exceeded by $4 billion the total amount of outstanding debt—$190 billion

How would 194 Billion exceed 384 Billion?

whatever, guy. you'll never get it. have fun chasing your tail in the corner.

[titlover]

yes it does.

[mvscal]

which has exceeded by $4 billion the total amount of outstanding debt—$190 billion

How would 194 Billion exceed 384 Billion?

Truly a :facepalm: moment.

It's awe inspiring really. Usually, when you have kicked your own ass to the degree that KC Closetcase has here, you just stop posting. He honestly doesn't get it, though. Evidently he's become snared in the event horizon of the Kansas City Retardation Singularity.

All logical argument in support of his case will be cast aside in favor of desperate 'I Know You Are But What Am I' and 'I Know I'm Gay But What Are You' distractions.

Math? Forget it.

[Goober McTuber]

which has exceeded by $4 billion the total amount of outstanding debt—$190 billion

How would 194 Billion exceed 384 Billion?

Truly a :facepalm: moment.

It's awe inspiring really. Usually, when you have kicked your own ass to the degree that KC Closetcase has here, you just stop posting. He honestly doesn't get it, though. Evidently he's become snared in the event horizon of the Kansas City Retardation Singularity.

All logical argument in support of his case will be cast aside in favor of desperate 'I Know You Are But What Am I' and 'I Know I'm Gay But What Are You' distractions.

Math? Forget it.

You guys might want to back off of KC Scott on this one. He is our resident self-professed financial guru.

[Dinsdale]

You guys might want to back off of KC Scott on this one. He is our resident self-professed financial guru.

SHHHHHHH!!!!!!!!!

The board as a collective have kept quiet on that funny all this time... don't blow it now.


Most of us realized years ago dude can't even add and subtract.

[poptart]

An easy choice for me: Gary Johnson.

Curious - why do you favor Johnson over Ron Paul?