The Wall Street Journal headlined some good news today--Citi and Wells Fargo will become the last big banks to repay their TARP bailout funds to the government. Even better, the Treasury Department says that it expects "$19 billion in total profit from its infusions and other investments in financial institutions . . . " Whoa! The government invested my money and made a profit!
So, presumably, that profit will go back to the taxpayers and reduce the country's $12 trillion (or is it $13 trillion?) debt, right? Oh, wait--no--the WSJ adds that, unfortunately, the government is piling up big losses on its "investments" into AIG and the U.S. auto industry.
I can't wait to see how they "invest" my health care dollars.