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I agree with Michele Bachmann

Posted By Barry Ritholtz On November 21, 2011 @ 7:30 pm In Bailout Nation,Bailouts,Politics | Comments Disabled

Well, at least about this one thing:

She and I are quite sympatico — at least when it comes to criticizing the Bush troika (Bush/Paulson/Bernanke) for the absurd bailouts of failed banks:

“The Bush administration … was embracing a kind of ‘bailout socialism,’ ” wrote the Minnesota congresswoman, who is running for the GOP presidential nomination. “It was painful to find out John McCain too favored the TARP bailout. … Here was no ‘maverick’ moment. The same disappointing stance was taken by the Republican leadership in the House.”

“I knew there was no way I could vote for it, because I couldn’t find authority for it in the Constitution,” Bachmann continued. “As a constitutional conservative, I put principle over party.”

Source:
Michele Bachmann says Bush, GOP embraced ‘bailout socialism
Seema Mehta
Los Angeles Times November 20, 2011
http://www.latimes.com/news/politics/la-pn-bachmann-book-20111120,0,2416841.story


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