Thread: Presidential election results & Bailout aftermath.

I couldn't find this & wasn't sure which topic category to put it under. This is an good discussion of the election results in the aftermath of the bailout, with special focus on the biases of the mainstream media and their cronies in government. The full article is at:
http://www.gopusa.com/commentary/ckinca ... 1071.shtml
I wanted to quote this little part that focuses on the words & actions of 2 players in the whole bailout episode (Newt Gingrich & Rep. McCotter), for those of you who may not have known this:

In desperation, conservative radio talk-show host Laura Ingraham touts former House Speaker Newt Gingrich as a source of new ideas. But he is hardly a profile in courage. Gingrich was against the bailout plan until, on September 29, he issued a statement in favor of it. Then, in an article for Human Events on October 7, he called it "bad" and stated, "If Senator McCain is not prepared to separate himself from the Bush-Paulson economic program, he has no opportunity to win. The country is deeply fed up with the Bush presidency and angry about the Paulson bailout."

Before it became fashionable to advocate more oil drilling, Gingrich was appearing with House Speaker Nancy Pelosi in an Al Gore-financed global warming ad. Until gas prices started rising, Gingrich had been an advocate of "green conservatism" and was proposing a Gore-like "Contract with the Earth."

In addition to his flip-flops, Gingrich has a well-known history of personal "indiscretions" that should disqualify him from any public role in a movement that purports to advocate traditional moral values.

Rep. Thaddeus McCotter, who called the bailout "Fleece in our time," is beginning to receive more and more attention. He is the chairman of the House Republican Conference Policy Committee, the principal source of legislative initiatives for the party in the House. He won re-election in part because he came across as a leader in a revolt by House conservatives against Bush and Paulson over the bailout plan.

In a discussion with a local newspaper, (web site) McCotter was blunt, alluding to McCain's double talk when he suspended his campaign to come to Washington to address the financial crisis. "McCain put himself in an interesting position," McCotter said. "At the White House meeting, he said he liked what House Republicans were doing. Then the next day, he decided it was his job to get House Republicans to support the bailout."

This erratic performance meant that McCain had blown any chance to exploit the financial crisis to his political advantage.

McCotter noted that it was a lot harder for McCain to complain about $70 billion in earmarks when he pushed for a $700-billion bailout. This sealed McCain's fate, making his warnings about Obama's socialism ring hollow.

Remaining true to his constituents and his own beliefs, McCotter rejected the notion (web site) that we need "just a little socialism to prevent a lot of socialism later" and said Republicans "abandoned principle for expediency" when they supported the bailout.

Whatever happens under Obama (ie, Idi Amin-lite), I have NO regrets that McCain lost or that I voted for Baldwin. I can sleep soundly & wait for 2010!

I do