The Fed's HR Department

Did any of you notice that the President wants to spend the “leftover” TARP money on “job creation?” Why do I care? We were told that the money, once repaid, would be used to pay back the loans taken to fund the original program. (Would you take a loan in your children’s names and in the name of your grandchildren to temporarily fund your salary?) Are you surprised that this promise was so casually set aside? Should we be surprised that a government is so eager to promise to give back the resources or authority once it is no longer needed, but so unconcerned with meeting that promise? We don’t seem to mind it in any of operations of government.

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