TARP is a Success! Republicans Not Informed?

I was listening to Rep Michelle Bachmann on C-SPAN 2. It's ironic that she said stay informed almost immediately after clearly showing she did not know the latest news about TARP. She spoke about TARP costing the US money. That is a totally incorrect. TARP will not cost the taxpayer a penny and if she was truly informed, she would have known that.

Bachmann also stated incorrectly that the stimulus program did not create jobs. She talked about tax cuts creating abundant jobs: another incorrect statement. The "Let the major banks fail" Republicans would still have a collapsed banking system. They would not have created a single job. They would have increased job losses to nearly 2 million a month because our banking system would have been non-existent. Jobs are not created via tax incentives and tax cuts. Jobs are created when a market exists for the product a firm wants to sell. The Republicans have absolutely no idea what they are talking about. They are just spurting BS.

The Republicans would have gutted our banking system. And now Bachmann and others are talking about the low interest rates bursting the housing market bubble. What do the Republicans aim to do. I get the feeling they will strangle our economy by raising interest rates. They will block any Federal unemployment extensions. They will waste whatever money is saved via spending cuts on tax incentives and cuts that will be ineffective because jobs depend on exports (i.e. a market for manufactured products.) While the world is in a recession, exports decrease.

Also, one estimate states that extending all expiring tax cuts for one decade will add over 6 trillion dollars to the national debt! Now isn't it ridiculous for Republican politicians to complain about 700 billion dollars being added to the debt when all their tax cuts have added untold trillions of dollars to the national debt?

The Republicans like Bachmann are against everything Obama has done simply because he is not a Republican.

A little over a year ago we were losing 750000 jobs per month. Match that to today when we are actually gaining jobs. That spells stimulus package success. We are no longer losing 750000 jobs per month.
Back to my main point. TARP is a total success. TARP today got back the bail out money from all sources except AIG: The dividends received by the Treasury department via selling investments that were acquired as a condition of giving bail out money covered all the outstanding costs of TARP and yielded a 4 billion dollar profit!.

Of course, the reader wants to know my source.

http://www.financialstability.gov/latest/pr_06112010.html