Obamanomics: OMG!!! $23.7 Trillion to Fix TARP and Financial Institutions … 23.7 Trillion with a “T”


Make sure you are sitting down and have removed all sharp objects from the area. America, is this the change you were looking for?

$23.7 TRILLION!!!

“The total potential federal government support could reach up to $23.7 trillion,” says Neil Barofsky, the special inspector general for the Troubled Asset Relief Program, in a new report obtained Monday by ABC News on the government’s efforts to fix the financial system.

Yes, $23.7 trillion.


Dr. Evil only wanted $100 billion, … $23 Trillion

From the Gateway Pundit, Bill O’Reilly sounds the alarms that the United States is headed for bankruptcy under the big government takeover and spending under Barack Obama. How derelict in their duties is the main stream liberal media in not reporting the damage that Obama is doing to the United States? The MSM aided Obama in getting elected, now they look the other way as The One leads America down a path of financial destruction.

President Disaster will quadruple the US budget deficit his first year in office. He will reportedly spend $23.7 trillion to “fix” the economy… or bankrupt it.

I guess this is what VP Joe Biden was hinting to when he said we had to spend more money that we did not have so to avoid bankruptcy. As the Astute Bloggers state, “Throwing $23.7 billion dollars that don’t exist at it … Yeah, that wouldn’t turn dollars into less than pennies overnight. Great idea!”

“The potential financial commitment the American taxpayers could be responsible for is of a size and scope that isn’t even imaginable,” said Rep. Darrell Issa, R-Calif., ranking member on the House Oversight and Government Reform Committee. “If you spent a million dollars a day going back to the birth of Christ, that wouldn’t even come close to just $1 trillion — $23.7 trillion is a staggering figure.”

Blue Crab Boulevard asks for all Americans to pray these projections to be incorrect.

This is really appalling. No, this is insane. We could, if conditions worsen, destroy America outright with this kind of economic hit. If even one quarter of the worst case projections come true, we are in severe trouble.

Into this, the Obama administration wants to spend another huge amount on a health care “reform” that is nothing of the sort.

If you liked this post, you may also like these:

  • Remember the $700 Billion TARP (Troubled Asset Relief Program) … Its Now $3.7 Trillion
  • Obama’s Hope & Change … US National Debt Hits Record High over $12 Trillion … Typical Tax & Spend Liberal
  • Obamanomics: Barack Obama … 4 Straight Years of Trillion Dollar Deficits … CBO Says $1.1Trillion for 2012
  • Ooops, Barack Obama Understates Federal Deficits by $2.3 Trillion
  • Hope & Change: CBO – Obama’s Record Budget Deficits Even Worse Than Thought, To Add $9.7 Trillion to US Debt by 2020 (+$1.2 Billion)

  • Comments

    10 Responses to “Obamanomics: OMG!!! $23.7 Trillion to Fix TARP and Financial Institutions … 23.7 Trillion with a “T””

    1. Scott on July 21st, 2009 7:13 am

      This number is actually UNDERESTIMATED. It will cost US (Americans not “EDIT” like Dolf) MORE! The adminstration is delaying releasing a KEY economic report.

    2. Michelle Smith on July 21st, 2009 8:46 am

      This is insane!

      Thanks for bankrupting our Country Obama. Thanks for putting my children & grandchildren into massive debt like we’ve never seen. You make Jimmy Carter look like a genius.

    3. katablog on July 21st, 2009 9:15 am

      Not to worry folks, you know the US Government is always good about their spending coming in under budget. What could go wrong?

    4. Dolf on July 21st, 2009 9:20 am

      the US has been bankrupt for a while anyway

      The Chinese kept you floating

      and scott, with a global economy we all hurt from this. but basic economics is lost on you when it doesn’t suit your needs.

    5. rightknight on July 21st, 2009 9:58 am

      Looks like “the powers that be” regard Obowma
      as an expendable; one term slug that gets the
      dirty work accomplished and then to obscurity.
      That’s what it’s looking like at least. Tactics direct
      from Saul Alinsky’s Rules for Radicals: Overwhelm
      the System, disrupt, ruin, and then Rebuild it your
      way. Our Constitution must be ignored in that
      process, and it is being ignored!

    6. Jack Hammer on July 21st, 2009 10:42 am

      Where is this guys birth certificate? Where did he learn to throw a fastball? He gave the queen an I-Pod!!!! The Russians refused to shake his hand!!! He went to dinner in New York with his wife!!! She wears expensive shoes!!! He pees sitting down!!! He dips his french fries in mayonaise!!! This guy needs to be kicked out of office.

    7. Scott on July 21st, 2009 11:17 am

      This guy is SPENDING more than every US President before him. This guy made promises during his campaign and has broken them all. This guy has 1000 czars. This guy wants bills passed that will bankrupt the country. He wants cap and trade that will KILL jobs. He wants universal healthcare that will cost more and make 130M Americans take a public option of healthcare.

      Oh and he’s a perv, checking out 17 year olds.

      as for jack hammer – kick him out of the country. No place for scum of the earth leeches!

    8. Michelle Smith on July 21st, 2009 11:56 am

      #6 He sure does.

    9. SUPER DAVE on July 21st, 2009 1:13 pm

      jack: we are glad you have the picture. you didn’t just happen upon this. we know you want what is right for America. everything you said is true. better watch it. your boy is watching you.

    10. Lisa on July 21st, 2009 4:56 pm

      Stole a line that the left has used in the past,”Worst…President…Evah!”

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