Posts Tagged ‘ geithner ’

TARP COVERS CELEBRITIES

President Obama today has announced the release of $50 billion for phase three of his TARP program. This phase of TARP will be used help indigent celebrities, such as Randy Quaid and Nicolas Cage, in the film, television, and music industries. The funds can be used to pay off debts, purchase mansions, buy expensive cars, [ READ MORE ]

STIMULUS PROGRAM ENDS

Obama administration officials have ordered that a new name be used for the economic recovery program. The statements of Treasury Secretary Timothy Geithner admitting that the trillions of dollars spent by the Obama administration are not stimulating the economy as planned, along with the International Monetary Fund’s (IMF) assessment that the US economy will only [ READ MORE ]

CONGRESS BLOWS BILLIONS

According to the United States House of Representatives, $165 million is worth more than $30 billion. After a week of phony indignation, and much huffing and puffing, Congress has passed a resolution creating a special tax to try and recover the $165 million in bailout money that was used to pay bonuses to AIG executives. [ READ MORE ]

OBAMA TAX FRAUD STIMULUS

Barack Obama’s economic stimulus package includes an increase in the Earned Income Tax Credit (EIC). As anyone knowledgeable about taxes can tell you, more tax fraud is committed each year with this credit than any other section of the Internal Revenue Code. In fact, the Internal Revenue Service (IRS) is increasing its investigation of returns [ READ MORE ]

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