Breitbart TV and Naked Emperor News captures the expiration date of another Barack Obama pledge, this time on the repayment of TARP funds. In October 2008, then-Senator Obama promised that TARP funds wouldn’t just disappear, but that “every penny” would get returned to the taxpayers. He didn’t want to give President Bush a “blank check.” However, fourteen months later, Obama didn’t mind inheriting one (via Newsalert):
Once government starts confiscating funds, it doesn’t return them unless forced to do so. What’s laughable about this is not so much the reversal on repayment — did anyone really expect the government to honor its word? — but the description of TARP by Obama. It was nothing but free money to the banks (well, almost free) and a blank check for the White House. And when Obama took office, he made it even more so rather than fixing the problem.
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