Mitt Romney is a Liberal, Part 1: Romney supported TARP (06/16/2011)

Poor Richard's News ^ | 06/16/2011

[SoConPubbie]

This is part 1 of an ongoing series exposing Mitt Romney’s false claims of conservatism. There has been a lot of focus about RomneyCare and Mitt Romney’s love for government mandates. Some are even calling Romney a RINO, but it’s much worse than that: Mitt Romney is a liberal.

You remember TARP, right? The $700 billion mortgage bailout turned bank bailout, auto bailout, turned everybody-bailout, turned government union slush fund. Yeah, that TARP, the big government crap sandwich that took the idea of “too big to fail” to new heights. Well, Governor Mitt Romney supported TARP, with gusto!

Here he is talking to Neil Cavuto on January 28, 2010:

By the way, did you also happen to catch that Romney supported the re-nomination of Ben Bernanke after the housing collapse. In case you don’t have time to watch all 10 minutes of the video, here’s one of the key quotes.

I think had President Bush and Secretary Paulson and Ben Bernanke not pushed for a TARP-type program, we were going to be in a free fall that would cause the collapse of not just a few banks on Wall Street, but banks all over the country, killing not only a few jobs, but all the jobs in the country. That’s what we were facing and the TARP program kept that from occurring.

Really? All the jobs in the country? Does Mitt Romney really believe that TARP saved every job in the country? If that’s the case, then Romney has no reason to ever criticize Obama on job’s “created or saved.” After all, Obama supported and helped implement the bill that saved every job in the country.

Mitt Romney might claim to be simpatico with the Tea Partiers now, but he supported and continues to support one of the monstrosities that brought about the Tea Party protests in the first place. He is no conservative. Mitt Romney is a liberal.

[JPII Be Not Afraid]

I understand your emotions and your reasoning through this process, however, Romney is the only candidate, given his left-wing, Progressive Liberal record, that guarantees the re-election of Obama.

We need a Phoenix!

[A.Hun]

It should never have become necessary, but once the financing was needed, there was no choice but to do it.

My sentiment exactly.

[A.Hun]

Banks that have made mistakes need to fail.

It would have been the shareholders and the customers that would have shouldered the burden. The ones running the banks would simply have reemerged after the bankruptcies and started again.

Have you ever had a commercial loan? If so, you would have noticed a clause that allows the lender to call the note in with 30 days notice....how many firms would have collapsed when the banks, desperate for funds, had done just that?

The QE's had nothing to do with TARP or the banks. FWIW, I agree with you about them. All they have done is inflate the stock markets.

Like it or not, TARP was the right thing to do.

[Mad Dawgg]

I've been told by several people right here on Free Republic that it does not matter about Romney's past, it only matters about what he says he will do in the future.

There is a good example of such behavior on this thread: OK, I'll Vote For Romney, But... (Yes, this is a Vanity)

So I guess we FReepers are not allowed to view past actions as evidence for purposes of who to vote for. And if you take such an idea to its logical conclusion it should be OK to vote for Obama if he proposes to start governing as a Conservative.