“Not if you include her continued support for the Bush bailout and the claim in her book that the GOP House opposition to this bill “hurt the cause”. How on earth can she be considered the one who is leading the revolt against big government when she threw those who stood up to this big spending proposal under the bus???”
Two things:
1) I haven’t noticed her support the Tarp bank bailout after the 08 election campaign. If you have a link that shows her doing that and a date, I’ll stand corrected.
2) The primary action that Bush/Paulson took during the economic financial meltdown was the TARP action where they bailed out banks in crisis.
Now, I disagreed with this action, but why are we still bitching about this? It is the only thing that has worked. It stabilized the banking system and 99% OF THE MONEY HAS BEEN PAID BACK WITH INTEREST.
This is something that we need to keep in mind as it didn’t cost the taxpayer a dime.***
On the other hand, Obama’s Porkulus is money down the drain that has done nothing to create jobs and all of his other actions are job killers.
"1) I haven’t noticed her support the Tarp bank bailout after the 08 election campaign. If you have a link that shows her doing that and a date, I’ll stand corrected."
She did so in her book on page 270: "The House of Representatives rejected a Bush-backed economic bailout plan in a vote in which two-thirds of Republicans voted no. The impression this made on the electorate was not helpful to our cause. Millions of Americans were poised to go bankrupt or lose their savings, and the perception was that Republicans had failed to respond." Not only is she sticking with her support of the bailout here, but throwing those brave GOP House members who opposed it in favor of a free market alternative under the bus. It was not their opposition that "hurt the cause" but support for the measure. Polls showed that an overwhelming number of Americans opposed it and McCain's support dropped when suspended his campaign to lead the fight for it. Sarah could have dissented like she did on drilling in Alaska, but chose to go along with the plan and later to criticize those who opposed it. This is not the actions of a leader of the movement for limited government.
"2) The primary action that Bush/Paulson took during the economic financial meltdown was the TARP action where they bailed out banks in crisis.
Now, I disagreed with this action, but why are we still bitching about this?"
We are still "bitching" about it because it was a big government proposal that directly contradicts the principles of limited government. We still "bitch" about Romney's past support for big government proposals and rightly so.
I had Dr. Walt Williams on as a guest for a local radio program at the time and he ran through a number of problems with it. By bailing out those who failed, we did not allow for more efficient competitors to rise up and replace the failures. We also set a precedent for other even more unwise bailouts.