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.