Comments on: Judd Gregg Exposes Peter Orszag

By: FLDemFem

FLDemFem — Fri, 05 Feb 2010 20:40:15 +0000

If the funds have already been spent on another program, the law has already been broken.

By: GlowingSpark

GlowingSpark — Fri, 05 Feb 2010 18:58:23 +0000

Senator Gregg is just grandstanding. Orszag wants the repaid TARP funds to be spent on another program. If Congress passes a bill which authorizes it, the funds will be spent on that other program. If Congress does not pass that bill they won’t be spent on that other program. So, the law is being followed.

By: Hokma

Hokma — Fri, 05 Feb 2010 11:15:00 +0000

Frankly, he already committed a few impeachable offenses. Unfortunately with a majority in the House and Senate it was never mentioned.

By: FLDemFem

FLDemFem — Fri, 05 Feb 2010 04:47:44 +0000

If Obama spent it elsewhere, then he committed an impeachable offense. It is illegal, and un-Constitutional, for money appropriated by Congress to be spent on anything but what it was appropriated for. If there are left-over funds from any appropriation, they go back to the Treasury. If Obama did that, and it can be proven, he can be impeached and convicted.

By: FLDemFem

FLDemFem — Fri, 05 Feb 2010 04:37:31 +0000

Cheating is never justified. And as for Gregg, he wasn’t the one saying the money must go back to the general fund, the LAW says that. He was simply reading the law. So it isn’t an issue of trusting Gregg, it’s an issue of whether or not Obama will follow the law. I don’t think he will, frankly, he seems to have only contempt for the law. Especially election laws.

By: morris1030

morris1030 — Fri, 05 Feb 2010 03:19:13 +0000

This is playing with money. Orzag is an arrogant wonk, but Gregg has many financial ties to WStreet, and banks. It’s hard to know how sincere Gregg is, but Orzag is a water carrier here changing the rules to hang onto the money and do with it as he pleases.

It was supposed to be repaid to Treasury, or the taxpayers, but which is which? I trust no one.

By: ciic

ciic — Fri, 05 Feb 2010 02:57:25 +0000

top Christian Audigier shirt
http://www.lookedhardy.com

By: elaine

elaine — Fri, 05 Feb 2010 02:36:14 +0000

Come On, LD, you didn’t realy think these guys were gonna give up their progressive revolution easily did you? These guys are true Keynesian believers. They’ll never give up/shape up. It’s our job to replace them. It’s why we have elections.

By: elaine

elaine — Fri, 05 Feb 2010 02:28:34 +0000

Another “bolshevik plot”?

By: MBC

MBC — Fri, 05 Feb 2010 01:29:38 +0000

Thanks LD for the video and post. Sen. Gregg seems truly passionate about using this money to pay down the deficit and adhering to the law. He also demonstrated principles when he turned down the cabinet position. Same for Sarah Palin when she resigned in order not to cost her beloved State of Alaska any more time or money on those frivolous law suits being cast her way. Time for some more elected officials to take a stand against this Obamination and say what they really believe. Agree or disagree, I can live with that!

By: Chicago Joe

Chicago Joe — Fri, 05 Feb 2010 00:54:10 +0000

Yes, Judd Gregg has been a voice in the wilderness. I think he would make a nice VP candidate….solid and substantial.

By: mountainaires

mountainaires — Fri, 05 Feb 2010 00:28:24 +0000

Orzag obviously just presumes that the law has been passed allowing them to by-pass the current law which states that TARP funds repaid “SHALL” be paid back into the general fund to reduce the debt!

That’s the general arrogance of this administration: They presume anything they want to be so; they PRESUME TOO MUCH.

By: I'm a Linda too

I'm a Linda too — Fri, 05 Feb 2010 00:04:51 +0000

i LOVED when I saw Judd Greg said that so strong and matter of factly. Orszag comes across as a student in training. He studied what his elders said and is trying to just throw thast out, when he can’t even say it right, because if they instructed him to just “say this”, he didn’t even come up with it to sell it right, even the the con job would be just that.

By: Darwin

Darwin — Thu, 04 Feb 2010 23:41:38 +0000

As the author of the bill however would it not been appropriate for Gregg to put his investments in a blind trust so even semblances of conflicts of interest could be avoided? That is, it makes it difficult for Gregg to now scold Obama and Orszag when his hand is deep in the cookie jar, too. Does Gregg want the money put back because that was the law or only because he doesn’t want the smaller banks to get it? Put another way: would Gregg be opposed if Orszag said, “We want $30 billion for community banks and another $30 billion for a special pilot program at BofA”?

By: Hokma

Hokma — Thu, 04 Feb 2010 23:22:54 +0000

Obama uses slight of hand or the old shell game when he refers to the TARP fund and the deficit he inherited. the TARP money was a government loan which I believe has largely been paid back.

At the time Bush left office TARP was a very temporary add on to the deficit but was to disappear as soon as the banks paid it back.

Apparently while it was paid back, Obama spent it elsewhere which made that money a permanent part of the deficit.

Once Obama is a snake oil salesmen who cannot be trusted with the truth.