Barack Obama Says, "Show Me The Money."

After the Senate voted 52-42 to kill a measure that would have blocked the funds release of the remaining $350 billion of Tarp funds, President-elect Barack Obama secured access to the second half of the $700 billion financial bailout package on Thursday.

President Bush sent a formal request to Congress on Monday to release the second half of the $350 billion funds to the Treasury Department on behalf of Obama.

Obama had vowed to veto any resolution denying him the funds if Congress passed a joint resolution rejecting the request within 15 days. After which Treasury can begin tapping the funds.

Obama economic adviser Larry Summers offered reassurances that the incoming administration will be responsible with its spending of TARP funds and pledged to commit $50 billion to $100 billion to address foreclosures.

Many Republicans argued that the first $350 billion was wasted, and no clear measures have suggested the funding has worked.

Senate Majority Leader Harry Reid, D-Nev said, "President-elect Obama has made clear he understands the mistakes of the previous administration, and he will try to correct them. Inaction now would punish the American public that is already suffering."

I expect that things will be more largely kept on eye this go around. Hopefully, the money will go for more important things than tax breaks for companies that produce wooden arrows. Come on now!