# Obama to use paid-back TARP money for small-business tax cuts, infrastructure **URL:** \ **Category:** PolitiSUCK\ **Created:** [December 8, 2009, 9:03am UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022 "2009-12-08T09:03:14Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [December 8, 2009, 9:03am UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/1 "2009-12-08T09:03:14Z")
> **[Obama pushes plans for more job creation](https://www.reuters.com/article/us-obama-economy/obama-pushes-plans-for-more-job-creation-idUSTRE5B40OR20091208?type=politicsNews)** > > President Barack Obama on Tuesday offered modest steps to spur jobs and defended his push to get the U.S. economy growing, amid deep public dismay over double-digit unemployment that has eroded his popularity. [http://www.businessweek.com/bwdaily/dnflash/content/dec2009/db2009127\_306389.htm](http://www.businessweek.com/bwdaily/dnflash/content/dec2009/db2009127_306389.htm) Expected to announce the details in a speech tomorrow. Big :tup: from me, now that the big financials are shored up and have paid back most of the TARP money, it’s time to target our biggest economic issue, unemployment. A jobless recovery helps Wall St., but not Main st. and the government will be eating the cost either way, either through welfare and unemployment, or making jobs. Maybe Blue Eyed Devil will finally have ONE policy he can agree with the President about. :jays: ---
**Author:** ![d3x](https://avatars.discourse-cdn.com/v4/letter/d/8491ac/32.png) [@d3x](https://forums.speedlife.net/u/d3x)\ **Post date:** [December 8, 2009, 9:21am UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/2 "2009-12-08T09:21:18Z")
you think there will be some kind of hiring stipulation in order to get the tax cut? We all know how well trickle down economics works :rolljerk: ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [December 8, 2009, 9:28am UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/3 "2009-12-08T09:28:43Z")
Well the infrastructure part would be directly correlated, roads don’t build themselves. For the business tax cuts, i would hope there’s a hiring stipulation. It is, after all, a jobs bill. I feel more confident with Democrats doling out the money that it will end up creating jobs and not bigger balances in Swiss bank accounts. Let’s see what comes out after the speech. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [December 8, 2009, 9:29am UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/4 "2009-12-08T09:29:46Z")
The idea gets a :tup: from me but I’ll reserve judgement until we see the details. ---
**Author:** ![Bucker](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bucker/32/7379_2.png) [@Bucker](https://forums.speedlife.net/u/Bucker)\ **Post date:** [December 8, 2009, 9:32am UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/5 "2009-12-08T09:32:57Z")
Likewise. ---
**Author:** ![Paulo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/paulo/32/7328_2.png) [@Paulo](https://forums.speedlife.net/u/Paulo)\ **Post date:** [December 8, 2009, 9:34am UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/6 "2009-12-08T09:34:58Z")
Very interesting. Can’t wait to see how it pans out. And x2 on awaiting BEDs response. lol ---
**Author:** ![Eazy716](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/eazy716/32/7443_2.png) [@Eazy716](https://forums.speedlife.net/u/Eazy716)\ **Post date:** [December 8, 2009, 9:40am UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/7 "2009-12-08T09:40:16Z")
Doesn’t the TARP act prohibit the use of these funds to be used for anything other than buying up what they term “toxic assets”? Doesn’t it also say the funds are to be “paid back” to the tax payers? ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [December 8, 2009, 9:44am UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/8 "2009-12-08T09:44:04Z")
This wouldn’t be part of TARP. This would be taking the “paid back” money and designating it for the jobs program so that we don’t have to borrow any more ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [December 8, 2009, 10:15am UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/9 "2009-12-08T10:15:09Z")
> [@Joe](#): > > This wouldn’t be part of TARP. This would be taking the “paid back” money and designating it for the jobs program so that we don’t have to borrow any more So basically I take out a loan from myself for a trillion dollars, and once I pay back a third or so of it I say, “hey, I’m ahead now, look how much I’ve paid back. I think I’ll spend that money I paid back”. ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [December 8, 2009, 10:16am UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/10 "2009-12-08T10:16:04Z")
I wonder what BED thinks of this? ---
**Author:** ![glitch](https://avatars.discourse-cdn.com/v4/letter/g/0ea827/32.png) [@glitch](https://forums.speedlife.net/u/glitch)\ **Post date:** [December 8, 2009, 10:18am UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/11 "2009-12-08T10:18:24Z")
> [@boardjnky4](#): > > I wonder what BED thinks of this? Too busy looking for ancient artifacts, this is just a distraction. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [December 8, 2009, 10:19am UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/12 "2009-12-08T10:19:35Z")
> [@JayS](#): > > So basically I take out a loan from myself for a trillion dollars, and once I pay back a third or so of it I say, “hey, I’m ahead now, look how much I’ve paid back. I think I’ll spend that money I paid back”. Meh, better than keeping that money in the bank and then borrowing more from China for your next initiative ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [December 8, 2009, 10:20am UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/13 "2009-12-08T10:20:15Z")
I just really have a sore spot about not using the money to pay off debt. I am torn because I know how bad unemployment is, but at the same time I know this is money that the gov’t will never get back. So how can we start to pay off the debt? ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [December 8, 2009, 10:22am UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/14 "2009-12-08T10:22:14Z")
Get people employed, unemployment starts to fall along with the current recovery, consumer confidence and private investment come back, economy takes off, tax revenues explode, surplus develops, pay money back in debt. If you believe in Keynesian economics, government spending to eat slack demand in the labor market pays for itself many times over. ---
**Author:** ![Coldaccord](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/coldaccord/32/7272_2.png) [@Coldaccord](https://forums.speedlife.net/u/Coldaccord)\ **Post date:** [December 8, 2009, 12:12pm UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/15 "2009-12-08T12:12:30Z")
^wrd. same reason the tarp program was put into effect in the first place ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [December 8, 2009, 12:16pm UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/16 "2009-12-08T12:16:32Z")
> [@Coldaccord](#): > > ^wrd. same reason the tarp program was put into effect in the first place well, the tarp was different in that it was a loan that would be paid back WITH interest. Sounds to me like this money will be chewed up and not paid back. ---
**Author:** ![Coldaccord](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/coldaccord/32/7272_2.png) [@Coldaccord](https://forums.speedlife.net/u/Coldaccord)\ **Post date:** [December 8, 2009, 12:19pm UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/17 "2009-12-08T12:19:03Z")
the goals of the policy were the same. and hopefully the continual collection from tarp can occur concurrently ---
**Author:** ![tpgsr](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tpgsr/32/7374_2.png) [@tpgsr](https://forums.speedlife.net/u/tpgsr)\ **Post date:** [December 8, 2009, 12:21pm UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/18 "2009-12-08T12:21:39Z")
> [@boardjnky4](#): > > well, the tarp was different in that it was a loan that would be paid back WITH interest. > > Sounds to me like this money will be chewed up and not paid back. It will not get directly paid back, but with a large decrease in unemployment you will see an increase in tax revenue, so in the end it will be paid back through a sort of loop. ---
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [December 8, 2009, 1:48pm UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/19 "2009-12-08T13:48:43Z")
> [@Joe](#): > > Meh, better than keeping that money in the bank and then borrowing more from China for your next initiative How about retiring the funds that were paid back? Wouldn’t that make more sense? Stave off deflation by creating the lending needed and then once the market sentiment is positive enough retire those monies so as not to create inflation? Of course with the above I’m discounting free market concept of letting the market find it’s natural balance, which I find most attractive. LOL > [@tpgsr](#): > > It will not get directly paid back, but with a large decrease in unemployment you will see an increase in tax revenue, so in the end it will be paid back through a sort of loop. Yup, the American way. The loop that is a snake eating it’s own tail. 😉 ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [December 8, 2009, 1:50pm UTC](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022/20 "2009-12-08T13:50:39Z")
> [@TradersBASE](#): > > How about retiring the funds that were paid back? Wouldn’t that make more sense? Stave off deflation by creating the lending needed and then once the market sentiment is positive enough retire those monies so as not to create inflation? Of course with the above I’m discounting free market concept of letting the market find it’s natural balance, which I find most attractive. LOL Free market approach didn’t work out so hot for Herbert Hoover. [Next page](https://forums.speedlife.net/t/obama-to-use-paid-back-tarp-money-for-small-business-tax-cuts-infrastructure/77022.md?page=2)