TARP problems: Financial Crisis is “far from over” even though Govt plans to spend up to 4 trillion dollars.

Boy, that $700 billion ballooned awfully quickly didn’t it?

“We still have a long way to go. A very long way,” Elizabeth Warren, the Harvard Law School professor who chairs the panel, said in an interview today with Bloomberg News.

The panel reported that the government has spent, lent or set aside more than $4 trillion through the Troubled Asset Relief Program, the Federal Reserve and the Federal Deposit Insurance Corporation.

When the government first started throwing around this word “bailout” and began creating the TARP fund I knew that this was going to turn in to one giant mess. I told all of my friends and family that there was no way that $700 billion dollars would fix the problem, and when I even mentioned that the incoming administration was planning on injecting up to TRILLIONS more I was told that the “people wouldn’t stand for it”.

Well, here we are, 700 billion has ballooned up to 4 trillion and that’s just the TARP fund. That isn’t including the President’s bloated budget that was passed, the “stimulus” package”, or the 900-item pork project filled Omnibus bill that was passed either. Yet, even after all that money they have planned to spend (which will actually increase the deficit exponentially up until the year 2019 and not cut it in half like our glorious teleprompter told us) we’re still in a “crisis” and it’s far from over?

Sounds to me like the administration is just trying to drum up more social dischord so that then they want to spend more money they’ll just convince the people, again, that the country is in a “crisis” and that unless they spend millions/billions/trillions more of the taxpayers hard-earned money that it’s only because they are trying to do the right thing. When, in reality, the government spending is doing nothing but impoverishing our future generations.