Romney: I Was For The Bailout Before I Was Against It
Secretary Paulson’s TARP prevented a systemic collapse of the national financial system. Secretary Geithner’s TARP became an opaque, heavy-handed, expensive slush fund. It should be shut down. ~Mitt Romney
Via Chris Dierkes
This is the same line that Thune uses now. This is a ridiculous position to take. One can either recognize that the original TARP was always potentially an opaque slush fund to be used for whatever purpose the executive branch wanted, and it was therefore an outrageous measure that ought to have been defeated, or one can accept the abuses of the TARP that inevitably followed from the absurd way it was designed. Even though the TARP was unnecessary and misguided, Thune and Romney want to get credit for supporting something they claim saved the day, but they don’t want to pay the political price for supporting something that has become play money for whatever strikes the administration’s fancy. Romney supported and Thune voted for a measure that made possible the slush fund they denounce.
Continue
www.amconmag.com/larison/2010/03/03/romney-i-was-for-the-bailout-before-i-was-against-it/
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