The GOP Leads A ‘Socialist’ Bailout
22nd September 2008
Read it.
If a liberal Democratic administration had put hundreds of billions of dollars of taxpayer money at risk by bailing out Bear Stearns and nationalizing American International Group (AIG), Fannie Mae and Freddie Mac, wouldn’t conservatives accuse Democrats of “socialism”? Can Mr. McCain now square a circle by calling himself a conservative while favoring increased regulation?
When even Democrats can smell the coffee, what is the problem with John McCain?
Now I know what former Sen. Gary Hart meant when he told an audience of wealthy Republican businessmen during his 1984 presidential campaign, “I know why you are conservatives — you favor private enterprise for the poor and socialism for the rich.”
And that, sad to say, is the plain truth — certainly when it comes to Republican Congressmen.