The ObamaBLOB

UPDATE below: TARP is under investigation for fraud--the government is running a criminal enterprise!!!***Doesn't it remind you of the blob that was after Patrick McGoohan, The Prisoner? RedState: Barack Obama thinks you can't count. Heritage graphic. [Add in Dr. Evil video in case you missed it.]

P.S. I'm watching Kudlow and they're asking, what's Geithner and the Obama administrations's exit strategy on the banks--let the banks out who want to pay back the taxpayers. Let the FDIC handle the banks in the traditional way--if they fail clean em up and sell em off. None of this backdoor nationalization stuff--Geithner and the Obama administration can't manage their way out of a paper bag. And this!!! TARP Inspector General Conducting 20 Criminal Investigations On Bailout Money

More here:

The report lays out just how complicated the program has become. What started out last October as a single-purpose $750 billion effort to buy toxic securities has morphed into 12 separate programs that covers up to $3 trillion in direct spending, loans and loan guarantees.

The program has now committed an amount equal to the entire annual federal budget.

The Blob just about doubled. Great, now Obama and Congress want to go after the credit card companies and wreck that.

Previous post: Not the Change they wanted