The national bailout has created a lot of jobs, but perhaps the most effective jobs formed by Obama’s recovery plan are those that take back that very same bailout money from corrupt banks and companies.
The Troubled Assets Recovery Program has created many new jobs within the government to police distribution of funds and oversee ongoing operations of the program. Congress recently created the SIGTARP oversight agency, which watches the money given to banks from the Treasury and, if necessary, takes that money back by force. The Treasury Department’s Office of Financial Stability as well as the General Accounting Office have begun to create new jobs as well to oversee the TARP funds. So, essentially, the more money given out by the government, the more jobs are created to possibly take it back.
Saturday, May 19th
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Couldn't agree more