Obama and his new budget: Debt will surpass total US Economy

I'd like to point out that it's insane to lay credit or blame for economic recovery/failure at the feet of the POTUS.

I'd like to point out that it's insane to lay credit or blame for economic recovery/failure at the feet of the POTUS.Agreed, but a POTUS with a majority/supermajority of his/her party in Congress is a another issue.

And for clarity, I'm not saying they are the major factor, but certainly have significant influence on policy affecting the economy.

The press will have the unemployment below 5% by the time of the election. :)

lol...nice

I wanted to bump this thread for the bean counters. Pretty good accounting and detailed breakdown of TARP bailout tracking funds disbursed, repaid, and interest.

On a side note, though the Bush admin won't get full credit for it TARP was probably the most successful policy passed during his administration, albeit right before he left the White House.


Bailout Scorecard | Eye on the Bailout | ProPublica (http://projects.propublica.org/bailout/main/summary)

Also important to keep in mind that Treasury never tapped the full $700 Billion TARP fund, meaning that the program will be finished a few years ahead of schedule and by law no new funds can be loaned or disbursed as of September 2010.

TARP's projected losses will be around $5o billion, although I saw a figure today that it could be closer to $34 billion once all funds are fully repaid.