Monday, November 17, 2008
Governor PALIN ,THE SUBJECT OF UNIMAGINABLE DERISION AND RIDICULE BY THE Left WING press, HAS FINALLY SPOKEN OUT ABOUT THE DEBACLE CALLED THE “BAIL-OUT’ AS ENGINEERED BY Secretary PAULSON, a “Rockefeller “TYPE Republican(AKA RINO), DIRECTLY CONNECTED TO Wall Street.
What Palin is saying is the basis of the Free Enterprise System, that even the sitting President and the standard bearer for the Republican Party forgot was a plank in the 2008 Republican Platform!
The 2008 Republican platform document declared, “We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct itself.” Seems pretty straight forward to me!
You may have noticed that McCain voted for the bailout,and he like Our Party, went down to defeat on November 4. By the way, most House Republicans voted against the bailout! They have been proven right by events. It would be nice if McCain and Bush would admit the error of their ways. But that is not a practice that is commonplace in conservative or liberal circles these days.
Paulson has not really admitted that he himself had made a mistake. Instead, he declared on Wednesday that “It was clear to me by the time the bill was signed on October 3rd that we needed to act quickly and forcefully, and that purchasing troubled assets?our initial focus?would take time to implement and would not be sufficient given the severity of the problem.”
In other words, by the time that the bill had been signed, Paulson knew that the Troubled Asset Relief Program (TARP) that he had proposed wouldn’t work. That is why he quickly changed the plan to use the taxpayer money to buy stakes in banks. Now, “new strategies” are being tried and developed, he says. And it is all being done, of course, at taxpayers expense.
When you cannot count on the Republican President and the nominee for President to support the basic principals of the free enterprise system, keep government out of the private sector as much as possible. How would one expect the public to vote for that party, when the other candidate offers a basket full of “goodies” that appeal to the slavish interests of the “gimme-gimme” generation?
As we enter what this blogger believes will be a radical shift to the Socialist way of government. We have no body to blame but those we elected before and tried to elect this time. God Help US!