The Tea Party: A Middle Class Rebellion Against Bailouts

So Richard Viguerie, here:

"One of the establishment outrages that led to the middle class rebellion now known as the Tea Party was the $700 billion TARP program that bailed-out a select group of Wall Street and international banks from their bad bets on the U.S. housing market."

Richard Viguerie Smokes Mitt Romney As Anti-Capitalist On His Own TARP Petard

Here:

To Mitt Romney, venture capitalist, the average worker is an expendable line on a spreadsheet -- until that worker’s tax dollars were needed to bailout financiers who promoted the leveraged buyouts and packaged the exotic financial instruments that led to the financial meltdown of 2008.

Who is more anti-capitalist? Is it Romney’s opponents, who question whether or not a form of capitalism that allows a handful of rich people to avoid moral hazard, manipulate the lives of thousands of other people and then walk off with the money by getting a bailout from the taxpayers?

Or, are the real anti-capitalists Mitt Romney and his establishment friends in the Washington/Wall Street Axis who hypocritically enjoy having the option of firing "the little guy" and stripping the factory on Main Street on the way up -- but then use their insider power and influence to demand those same little taxpayers bail them out on the way down?

And the person chiefly responsible for misleading the troops on this issue is Rush Limbaugh, who has flip-flopped on the bank bailout issue in spectacular fashion and fed Gingrich to the wolves.

Richard Viguerie Rips Romney and Cain New Ones For Supporting TARP

Here:

Defending TARP should burst Herman Cain’s populist bubble, but Romney in particular, defended the 2008 bank bailout in one of the most disingenuous statements of the evening, if not the entire debate cycle.

According to Governor Romney, the $700 billion Wall Street rescue package "was designed to keep not just a collapse of individual banking institutions, but to keep the entire currency of the country worth something."

Noting could be further from the truth and Romney knows it.