Jump to content

News From Washington for April 1, 2009

Recommended Posts

In today's economic environment, it is apparent that soon, the Treasury Department will run out of TARP funds. As a supplement to TARP, the Committee is introducing HR 4109, the Corporate Recovery of Assets Program, or CRAP. CRAP is not the same old stuff; this is a strong, bi-partisan CRAP. It is intended that CRAP flow from Washington to all tax payers. We think that once this gets started that corporations can't wait to be full of CRAP. Many state governors will be reluctant to take CRAP from Washington. We understand if you do not want to take any CRAP, we will not give you any CRAP. Once the economy is flush again, we will be taking the CRAP back. To our critics, we do not believe for a minute that CRAP stinks. While we aren't sure whether CRAP will unblock the economy or how much it will eventually cost, we are certain we can work it out with a pencil.

 - There are two types of people in the world: those who can extrapolate from incomplete data sets...

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Create New...