. . . why does his team appear to be so eager to “repaid TARP funds for a new job-creation program“:
The Obama administration will lose $200 billion less than expected from the federal bailout program and is looking at using part of the savings to fund new job creation efforts.
A Treasury official said that the administration now believes the cost of the financial rescue program will be at least $200 billion below the $341 billion estimate it made in August.
Um, fellas at the AP, it’s now the Obama Administration that will lose $200 million less, it’s the federal treasury which will be spared the loss. But, then again maybe our friends at the AP have become so enamored with Mr. Obama that they can’t separate the two.