The tussle over the TARP

Thursday, January 15, 2009

Senate Republicans who oppose the release of the second $350 billion of the Troubled Asset Relief Program, known as TARP, are facing an uphill battle. It looks as though Congress will approve the release of the money, so what do Senate Republicans need to hear before they feel secure that the money will be handled appropriately? The Takeaway is joined by Republican Senator Jim DeMint of South Carolina.

For more, here is Senate Republican Leader Mitch McConnell discussing the need for more information before the 2nd installment of TARP funds are released.

Guests:

Senator Jim DeMint

Hosted by:

Todd Zwillich

Contributors:

Noel King

Comments [1]

anonymous

I have had the misfortune of hearing Sen. Dimmitt speak before about TARP and am sad to see he has not changed at all. He talks about small business but fails to understand what will happen if President Obama does not have the tools he and the country needs to pull the economy out of this nosedive.

If the U.S. Auto companies fail it will have a huge impact on small businesses in the Country. Dealerships, Businesses that use Ford and GM trucks and vans for delivery, parts manufactures, etc. depend on there being a stable U.S. car company presence. Not to mention the Fanatical Institutions.

Should there be a blank check for stupidity? Of course not, but if a person looks at the DOW last week to this week with all the nonsense going on about TARP, I think the logical person will see a pattern.

I am not sure why Ms. Udoji and Mr. Zwillich did not press the Senator on his statements except for the lack of time. I have come to expect more from this show.

Jan. 15 2009 02:51 PM

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