Clueless GOP

As the Obama uses the fiscal lever (monetary policy won't wok anymore) to stimulate the economy left to him by the GOP and proposes tax cuts for the vast majority of Americans, here's Chairman of the Republican National Committee Michael Steele's latest thinking, lies:

Vice President Joe Biden said during the 2008 campaign that it is patriotic for Americans to pay more in taxes. Since taking over control of Washington, the Obama Democrats have decided we should all be more 'patriotic' having passed or proposed more than $5 trillion in new spending and $1.4 trillion in new taxes.

I don't know about you ... but I don't believe there is anything patriotic about giving more of your hard-earned money to the government to bankroll the liberal Democrats' agenda to increase spending to record levels, change the tax code to redistribute the wealth of working families, and destroy the savings of millions of middle-class Americans.

Six-Month Report on TARP

Update: NYT: Banks Holding Up in Stress Tests, May Still Need Aid

The Congressional Oversight Panel's (COP) April report on six months of the Troubled Asset Relief Program (TARP) is available on line.