Socialism Summit brings more empty promises

For Immediate Release: February 19, 2010
Contact: [email protected]

After hearing early reports of a new TARP-funded federal program under the management of federal and state officials, Republican U.S. candidate Danny Tarkanian expressed skepticism that more government intervention would truly help Nevada’s homeowners.

“On the anniversary of the failed stimulus plan, I have read news reports that President Obama and Harry Reid are making new promises to Nevada homeowners that more federal government help is on the way in the form of TARP funding to be managed by federal and state agencies,” remarked Tarkanian.

NOTE: Today’s Review-Journal reports: “State and local housing agencies would decide how to spend the money under federal guidelines, according to a senior U.S. official who briefed reporters.”

“Nevada homeowners are already feeling burned by the broken promises of the stimulus,” said Tarkanian. “They are rightfully going to look at this as more empty promises that government will solve their problems. They are tired of their tax dollars being redistributed as a slush fund for federal government solutions. Nevadans just want their tax money back so they can pay their own mortgage and bills. And they would prefer my plan for real, sustainable economic growth to help restore the value of their homes.”

NOTE: The Associated Press reports: “The money for the new rescue effort will come from the $700 billion financial industry bailout program, according to a senior administration official who spoke anonymously Thursday night because the formal announcement had not been made.”

“If as reported, these are recycled TARP bailout funds, these funds should ideally go to pay down the national debt or instead, go directly back to the taxpayers of Nevada to help pay their mortgages,” said Tarkanian.

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