Great Moments in News Broadcasting: on TARP Funds

This morning, on a morning news broadcast best left unmentioned.:

“And the TARP Funds are going to cost less than expected.  $200 Million have been paid back out of the package, and will be back on the government books, from the original $700 Billion price tag.  Obama is considering putting the money into Job Creation Stimulus, which would need to move through a legislative process.”

“And I would like to correct that number.  He meant $200 Billion.”

“No.  $200 Million is the correct amount.”

“Oh.  Okay.  Moving on to the next story…”
…………………………………..

The good news is the amount is $200 Billion.  $200 Million out of $700 Billion would not be worthy of a news item — .028571428571% of total returned — which although helpful isn’t much of a drop in the bucket — versus $200 Billion out of $700 Billion — 28.571428571429% returned, and throw around $200 Billion here, $200 Billion there and pretty soon you are talking some real money.

Woe to anyone who was left with their impression that the number is $200 Million.

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