The ARRA Act of 2009 will increase the government expenditure wedge from 49.16% to 52.41% for an overall 3.25% increase. This increase will reduce the growth in real net business output by 2.5%, which translates to a reduction of 1.7 million jobs nationally—of which between 131,400 and 171,900 jobs will be lost in Texas.

Thanks Obama/Geithner team. And I assume they will keep up the "good" work. Sheesh.

But the main point is that Obama and team (Larry, Christy, Austan, Geithner, etc) can simply go to well (Congress) since Democrats can pass pretty much what they want. The recovery plan was not named the "Great Bailout:" but the "American Reconstruction and Recovery Plan" or some such nonsense for a reason.

Why not another funding program called "The Better Banking Plan for the 21th Century" to provide more cash for technically insolvent banks? Or those that posed a systemic risk? So does it really matter that we have 30B left of TARP or 100B left for TARP?

Thanks again. I like your blog

While you worked in the white house, what was your experience of the political motives behind not publishing a table of data similar to what you are requesting from Tim Geithner? Does this lack of transparency reflect Geithner's inexperience as a public official of the Treasury or a larger tradition within the department?

Also, what is your thought about the quality the Treasury's accounting measures? Do you think that the Treasury is accurately recording it's TARP payments and making reasonable models to calculate the risk of bad debt on these payments?