He is changing his mind yet again! Just as he did on use of funds, he keeps changing on 2nd half. -- Paulson Wants Rest of TARP Funds From Congress

From The Wall Street Journal:

The U.S. government's rescue of the auto industry drained what remained in the first half of Treasury's $700 billion bailout fund, prompting Treasury Secretary Henry Paulson to call on Congress to release the rest of the money.

On Friday, Mr. Paulson said lawmakers should release the second $350 billion "to support financial market stability."

Democratic lawmakers are angry the Bush administration resisted calls to embark on a large-scale program to prevent foreclosures, and that government-backed banks aren't lending more. Republicans, meanwhile, are upset about the shifting focus of TARP, a program they finally supported after a protracted fight that rocked financial markets. While Mr. Paulson initially planned to use the TARP to buy bad loans and other distressed assets, he changed gears to instead buy stakes in banks. Republicans blame the Bush administration's missteps for losing party seats in November.