Now that Sarah Palin is out with her book, I think it's crystal clear she hasn't learned anything in the last year about the terrible precedent set by the TARP bailout, nor about why she and John McCain lost. She should have taken another year to think about it, but even that probably would not have helped. The only thing that could help Sarah is to have been reading about conservative political philosophy and policy for the last twenty years. You don't suddenly become a marksman by joining the National Rifle Association.
Americans were looking for a clear choice in the presidential race in the face of an unprecedented crisis, and John McCain utterly failed to give them one. No surprise there: he never has. The instincts of the Republican rank and file in the Congress were correct about TARP. President Bush failed them and the American people. It's too bad we still don't have national Republican leadership which recognizes this. And until we do, the voters will keep electing anyone else.
Gov. Palin: Th..the alt.. as I say inaction is not an option we have got to shore up our economy. This is crisis moment for America. Really the rest of the world also. Looking to see what the impacts will be if America were to choose not to shore up what has happened on Wall Street because of the…the ultimate adverse effects on Main Street and then how that effects this globalisation that we’re a part of on… in our world. So the rest of the world really is looking at John McCain - the leadership that he’s gonna provide through this and if those provisions in the proposal can be implemented and make this proposal better make it make more sense to taxpayers than again, John McCain is gonna prove his leadership.
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But ultimately what the bailout does is help those who are concerned about the healthcare reform that is needed to help shore up our economy um helping the… oh - its gotta be all about job creation too - shoring up our economy and putting it back on the right track. So healthcare reform and reducing taxes and reigning in spending has got to accompany tax reductions and tax relief for Americans and trade we’ve got to see trade as opportunity not as competitive um scary thing but one in five jobs being created in the trade sector today we we’ve got to look at that as more opportunity - all those things under the umbrella of job creation - this bailout is a part of that.
[T]he 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.
No, what was not helpful was the way Republican leadership never made the case nationally that the taxpayer is not responsible to pay for someone else's failing mortgage, failing insurance company, failing bank, failing car company, failing public school, failing pension plan, failing Social Security, failing Medicare . . . you get the idea.
The whole damn country is stuck on stupid, which is why Sarah Palin is the news of the moment.
