According to Michelle Bachmann, Congresswoman from Minnesota, blogging at Townhall.com, a growing number of the banks that accepted the original TARP (Troubled Assets Relief Program) bailout money are now having second thoughts and planning to give it back. The banks are realizing that the federal government is using the fact that they gave the banks the money as a rationale for further federal control of the banks. We need to remember the role the government played in forcing banks to make unwise loans to people who couldn't afford to pay them back. There were ACORN lawsuits threatened against banks if they did not make these loans.
Congresswoman Bachmann's closing statement sums it up:
"If we continue to let the government grow in its power and influence, the end result will be the decline of our tradition of entrepreneurial spirit. We must always remember that government is not the end-all-be-all of our nation's prosperity; the people are."
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