President Obama will, in a speech Tuesday, propose using $200 billion from TARP (Trouble Asset Relief Program) to create jobs, including roads and bridges building, weatherizing homes, and providing aid to individuals and businesses and state and local governments.
This is a good use of the TARP money, rather than just assisting banks and corporations–that is, assist Main Street, along with Wall Street.
The pressure is on to create a NEW DEAL set of employment agencies equivalent to the PWA, WPA and CCC, which had such a major impact on the 1930s and are urgently needed now!