In addition to consistently
supporting the 2008 Wall Street bailout, Mitt Romney refuses to rule
out future government bailouts, seriously undercutting his new interest
in reducing government spending.
"Any proposal from Mitt
Romney to reduce government spending that does not end government
bailouts is not a serious plan to reduce government spending,"
said Perry spokesman Ray Sullivan. "While Mr. Romney continues to
put Wall Street over Main Street, Rick Perry is a real fiscal
conservative whose economic plan ends Washington and Wall Street
bailouts, cuts taxes and federal spending and balances the budget by
2020."
From the Oct. 11, 2011 Los
Angeles Times:
GOP debate: Mitt Romney
defends Wall Street bailouts
In Tuesday evening's presidential
debate from New Hampshire, Mitt Romney defended the Wall Street
bailouts-the No. 1 target of conservative and tea party rage. Romney
said the bailouts had been mismanaged, but he supported the actions
taken by the George W. Bush administration to "make sure you don't
lose the country and you don't lose the financial system." [1]
During the debate, Romney also
refused to rule out another Wall Street bailout.
Romney was asked, "So
would you or would you not be open to another Wall Street bailout?"
In his answer, Romney said,
"You do want to make sure that we don't lose the country and we
don't lose our financial system and we don't lose American jobs, and
that all the banks don't go under. So, you have to take action very
carefully to make sure that you preserve our currency and preserve our
financial system." [2]
Rick Perry opposes bailouts
and issued a statement before the TARP vote to remind Congress,
"In a free market economy, government should not be in the
business of using taxpayer dollars to bail out corporate America."
[3]
Below are examples of Mitt
Romney supporting the Wall Street bailout from 2008-1010:
2008: "I think it's
something that we have to pursue at this stage." [4]
2009: "Though I know we
didn't all agree on TARP, I happen to believe it was necessary to
prevent a cascade of bank collapses." [5]
2010: "I think had
President Bush and Secretary Paulson and Ben Bernanke not pushed for a
TARP-type program, we were going to be in a free fall that would cause
the collapse of not just a few banks in Wall Street, but banks all over
the country, killing not only a few jobs but all the jobs in this
country ... It was the right thing to do." [6] Sources below...
Sources:
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