In case you missed it, TARP was a colossal failure. Not only did it cause Norm Coleman to lose his seat (oh yeah, a shot at him and his tiptoeing and screwing up the Guv’s race, run for AG Norm, but you’re not Guv material)

Anyways, a Vermont socialist – er – I mean Democrat Congressman from Vermont has introduced a 50% tax on bonuses if your company received TARP money. He says he will use the targeted confiscatory taxation to fund loans to small businesses.

And Obama is even thinking of his own version of a bank tax too. Stupidity is not reserved for Vermont Democrats I guess.

Enter do-gooding lefty Democrat Senator Amy Klobuchar from Minnesota who wants to use TARP funds for small businesses now.

TARP has become yet another slush fund for Democrats in Congress to throw around in an election year. The entire notion of it is not only fiscal and economic insanity, but further proof that Government can’t solve a problem, but rather multiply the size, scope, and effects of them. It has been over a year since that boondoggle was passed, and things are still a mess, and guess what, getting worse. We haven’t yet seen the commercial real estate bubble pop. Just wait til those vacant strip malls, store fronts, and unfinished developments start going belly up.

Government created the housing bubble, when it popped they inflated other things, now they are trying to throw the money to anything that might possibly turn people’s attention away fromtwhere the crime scene investigators are working. (Congressiona subcommittee and oversight of GSE’s like Fannie, Freddie, and the mega-corps that bought special treatment )  Oh look, a shiny ball. Don’t pay attention to what theleft hand is dong…..

Anyways, here you have an instance where Democrats are so desperate to socialize industries and forcefully transition America to radical socialist policies of taxation and redistribution, that you have 2 politicians with policies in conflict.

One wants to tax bailout firms for small business loans, the other wants to give bailouts to small businesses.

If both succeed, will the small businesses receiving TARP funds have their bonuses taxed to give loans to other people?

In other words, taxpayer money in the TARP funds is going to be double, triple, or quadruple taxed.

Don’t they realize that the more times they shove money around, and the more it gets taxed, the less real money there is?

They can’t keep sending out checks and taxing them and hope to actually be producing more money.

This is the flaw of socialism that these 2 are pushing.

Government doesn’t create money.

Is anyone ready to start talking about real stimulus and sound fiscal policy yet? You know, like real across the board tax cuts? Let businesses and citizens keep more of their money, pay their bills, employees, and spend like there isn’t a looming double dip recession with punitive taxation heading their way…..

Wait, I am talking about Democrats, tax cuts are evil.