Romney, Cantor say market turmoil mostly to blame for 2008 loss

CNN - Political Ticker ^ | 2009-05-03

[rabscuttle385]

(CNN) – House Minority Whip Eric Cantor and former Republican presidential candidate Mitt Romney said in an interview airing on CNN's State of the Union Sunday morning that the GOP wasn't directly responsible for much of the party's electoral misfortune in 2008.

"I frankly believe that much of what happened in the last election revolved around the fact that the economy fell apart at the time we were, if you will, holding the hot potato. Republicans and Democrats have been playing this game, passing the hot the potato, spending money like there was no tomorrow," Romney told John King.

"And the economy came crashing down while our party was holding the hot potato. And people said, hey, it's time for something else but I think if they took a good, hard look at what the — something else is planning on doing with regards to the massive borrowing, they are going to say, that is probably not the right thing for America's future."

[rabscuttle385]

*Ping!*

[Vaquero]

NOT IN QUESTION!!!

the question is how the messiah and Soros orchestrated it???

[Diogenesis]

And there at the top of AIG kickbacks is GOP-backstabber, and poor sport "Spoiler" Myth Romney.

How Romney is that?

"Top 20 Recipients of AIG Contributions in 2008"

[EGPWS]

House Minority Whip Eric Cantor and former Republican presidential candidate Mitt Romney said in an interview airing on CNN's State of the Union Sunday morning that the GOP wasn't directly responsible for much of the party's electoral misfortune in 2008.

Good gawd, "party before country" disease is communicable and highly contagious apparently.

Liberalism is 100% to blame and conservatism has yet to have a political say.

[raybbr]

House Minority Whip Eric Cantor and former Republican presidential candidate Mitt Romney said in an interview airing on CNN's State of the Union Sunday morning that the GOP wasn't directly responsible for much of the party's electoral misfortune in 2008.

"I frankly believe that much of what happened in the last election revolved around the fact that the economy fell apart at the time we were, if you will, holding the hot potato. Republicans and Democrats have been playing this game, passing the hot the potato, spending money like there was no tomorrow," Romney told John King.

And, who was in charge of the GOP and the economy?

I still contend that Bush and his policies opened the door for Obama. If Bush had used conservative principles in dealing with the economy instead of just focusing on the war we would have not had Obama elected.

Please, don't try to convince me that the democrats are solely to blame for the housing meltdown. It's been shown by several FReepers including myself that Bush was just as much an advocate of low income mortgages as anyone else. He even advocated the use of taxpayer money for down payment support for low income loans.

The idea that Romney and Cantor can ignore the facts and reality is just damn sad.

We have NOT ONE leader in the GOP who is capable expressing the truth.

[dirtboy]

Oh, the market meltdown played its part - but it didn't help that McCain completely misplayed it politically. And that Bush pushed TARP and then compounded the error by turning TARP into pure bailout money, an approach at odds with the legislation that was passed and signed.

But outside the bailout, the GOP lost ground in 2006 due to petty corruption and profilgate spending. And in 2008, McCain was stupid enough to have a pinhead like Phil Gramm as an advisor - one of the men most responsible for the economic crisis (between Gramm-Leach-Bliley and the Commodities Futures Modernization Act) - and who then had the gall to call Americans caught up in the downside to his actions 'whiners'.

IMO both parties have turned their backs on hard-working middle-class and working-class Americans - and the party that can put forward an agenda that lowers taxes, cuts government jobs, fights amnesty and illegal immigration and outsourcing of jobs, gets Wall Street under rational regulatory control, and gets more drilling going - will win. The question is, will the GOP tell its corporatist/spending wing to STFU - they blew it and as long as they keep clamoring to be leading the parade, we're gonna follow Stork down that dead-end alley.

[gusopol3]

As always, defensive and apologetic, Republicans never on the look-out to formulate a line of attack, like, “We got outspent 10-1 by Obama, who lied that he would take the same public financing that McCain did, then reneged and accepted hundreds of millions of dollars in bundled cash from hedge funds and foreign sources— whoever saw so much money buy a 6 point victory margin and act like it was a coronation?”

[truthguy]

I for the most part agree with this. At least this is a huge part of the reason for the loss.

Look, only the most foolish people currently believe in the innate intelligence of the American Public. Most Americans are economic ignoramuses. They could not understand the mechanics of the financial meltdown and the are prone to vote against the party in power (at least the president) when we have economic problems.

Sorting thought the technical details of the Wall Street failures and the Mortgage mess is beyond the capacity of most voters. Simpler to just blame it on the current occupant of the White House. Never mind the congress, they don't count. Heck one half of US voters can't even name their two senators and house representative.

That isn't the only reason McCain lost but it was the difference I think.

[ejonesie22]

Cantor is starting to really disappoint me. Maybe he has been too busy working to notice Slick Romney is a snake...

[fieldmarshaldj]

Cantor’s been in Congress for almost 8 1/2 years. As I’ve observed, often after 6 years, most R’s start to curdle.

[Mad_Tom_Rackham]

Sure. And the fact that Bush and the rest of the Republicans spent and grew government like the Constitution didn't exist had nothing to do with it. Dream on.

[ejonesie22]

Trent Lott effect...

Sad that...

[Logical me]

And, who was in charge of the GOP and the economy?

Bush with no help from the RAT Senate and House. As much as the sick Romney haters write, he hit the nail on the head.

[yldstrk]

I really don’t listen to pols on the economy.......

[heye2monn]

I actually happen to agree with Romney here. The Republicans lost mainly because of the economy. That means they can come back if the Obama economy plummets.

BUT Republicans’ whole-hearted love affair for housing subsidies surely contributed to the financial meltdown. Bush and Jack Kemp (may he rest in peace) thought that free home ownership was nirvana on earth. No matter if the low income owners couldn’t pay for them.

[raybbr]

Bush with no help from the RAT Senate and House. As much as the sick Romney haters write, he hit the nail on the head.

Are you forgetting that Bush had a GOP Senate and House for four years? If you remember that then let's about vetoes. Remember any?

[Turborules]

Soros,peelosieee Reid Daley OBAMA and the left lies in the media 30-1 over the center right

[NoRedTape]

"Please, don't try to convince me that the democrats are solely to blame for the housing meltdown. It's been shown by several FReepers including myself that Bush was just as much an advocate of low income mortgages as anyone else. He even advocated the use of taxpayer money for down payment support for low income loans."
--President Bush was no "advocate" of low income mortgages. You have it all wrong. Back in Apri 2001 President Bush warned the Dims about Freddie and Fannie.......and again in 2003. Please watch this video to obtain the info. It's from Fox News.
http://www.youtube.com/watch?v=cMnSp4qEXNM

and check HERE to go back even further.

And then check here

"The idea that Romney and Cantor can ignore the facts and reality is just damn sad."
--I can't speak for Cantor, but the idea that anyone would give Romney airtime as if he is relevant to the GOP is just damn sad.

"We have NOT ONE leader in the GOP who is capable expressing the truth."
--Quite untrue. Sarah Palin speaks the truth; and of course so does Bobby Jindal. On the Congressional level look to folks like Kevin McCarthy.
There are quite a few unsung or unnoticed truth seekers and truth talkers out there.

[G Larry]

One doesn’t need to be much of a conspiracy theorist to conclude the financial crisis was a well orchestrated effort of the left.