The Troubled Asset Relief Program (TARP), commonly called “The Bailout”, is a program to which a majority of citizens were opposed. The total cost, as of May 2010 is $586.3 billion, allocated or promised to 836 companies and 13 programs. $79.7 billion was spent on companies for which the bailout was not intended, such as in the non-financial sector, with money going to auto companies such as GM.
There is still $319.4 billion outstanding, 59.6% of the total. See Pro Publica for the latest State of the Bailout.
I personally believe a strong message should be sent to those still in office, who voted for the bailout. An appropriate way to do this is at the ballot box in November. However, the opportunity may come sooner. When the citizens of Utah had the chance to finally tell a senator what they thought of his bailout vote, he was dumped at the state convention.
I have created a Bailout page containing a table so that citizens can see which of their representatives and senators voted for the bailout. When a politician leaves office, by choice or otherwise, I will update the table.
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