Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Paul Ryan explains his votes for TARP, bailouts and tax on AIG bonuses
The Daily Caller ^ | 02/14/10 | Jon Ward

Posted on 02/14/2010 4:37:15 PM PST by FTJM

click here to read article


Navigation: use the links below to view more comments.
first 1-2021-31 next last
OT: 69 threads and 2,000 posts in 15 months!

In honor of this, will someone please call me a newbie and tell me to go back to DU?

1 posted on 02/14/2010 4:37:15 PM PST by FTJM
[ Post Reply | Private Reply | View Replies]

To: FTJM; stephenjohnbanker; mkjessup

Any Republican who voted for any of the bailouts is a RINO!


2 posted on 02/14/2010 4:41:47 PM PST by rabscuttle385 (Purge the RINOs! * http://restoretheconstitution.ning.com/)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rabscuttle385
You’ve got to remember Obama won my district. Dukakis and Gore won my district. Clinton won my district. So I don’t come from, you know, a red area. So I think it’s important to keep in mind where I come from. I don’t hear that here.

A Freudian answer.

3 posted on 02/14/2010 4:47:25 PM PST by FTJM
[ Post Reply | Private Reply | To 2 | View Replies]

To: FTJM

What a tool.


4 posted on 02/14/2010 4:50:44 PM PST by rabscuttle385 (Purge the RINOs! * http://restoretheconstitution.ning.com/)
[ Post Reply | Private Reply | To 3 | View Replies]

To: FTJM

I can see where people may have gotten surprised by the TARP bailout and not completely understood what was going on.

I don’t see any excuse whatever for the Government Motors takeover. None. It was a pure union payoff, and it will end up destroying Detroit’s car companies.


5 posted on 02/14/2010 4:56:16 PM PST by Cicero (Marcus Tullius)
[ Post Reply | Private Reply | To 1 | View Replies]

To: FTJM

Not so sure why people have recently been championing this guy. He sounds like Kerry trying to explain away a vote (well, I voted for it to prevent what I thought would happen and it happened anyway....HUH?!?!?)

Moreover, he basically admitted that he is playing to the crown by saying, “remember what district I’m in”. TARP, Porkulus and GM Bailout are all easy votes; I don’t care what the lawyers were saying the “commoner” had no problem determining that these were pork sandwiches


6 posted on 02/14/2010 4:58:58 PM PST by wiseprince
[ Post Reply | Private Reply | To 1 | View Replies]

To: FTJM
"TARP. I’ll take one at a time. I believe we were on the cusp of a deflationary spiral which would have created a Depression."

In other words, he wants to reinflate the bubble. In my mind, Paul Ryan's cautious answers to the questions have not alleviated the concerns Matt articulated. The representative wants it both ways, and for that reason, he cannot be a credible advocate of the free market. If Ryan does not see the virtue in voting in favor of the free market when given the opportunity, at the very least, the sincerity of his convictions must be questioned.

7 posted on 02/14/2010 5:03:15 PM PST by Cheap_Hessian (I am the Grim FReeper.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rabscuttle385

“Any Republican who voted for any of the bailouts is a RINO!”

Yes, by definition!


8 posted on 02/14/2010 5:13:22 PM PST by stephenjohnbanker (Support our troops, and vote out the RINOS)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Cicero
"I can see where people may have gotten surprised by the TARP bailout and not completely understood what was going on."

I still have not seen a credible argument for blocking the price discovery process. The TARP vote was a coward vote.

9 posted on 02/14/2010 5:13:26 PM PST by Cheap_Hessian (I am the Grim FReeper.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Cicero

I agree with you on TARP, that was a most dire time for the markets.

The rest was a terribly misguided group of votes. No excuse at all.


10 posted on 02/14/2010 5:15:33 PM PST by Carley (Are you better off now than one year ago? HELL NO!!!!!)
[ Post Reply | Private Reply | To 5 | View Replies]

To: FTJM

in other words: the govt screwed up so we have to fix it with tarp and since tarp screwed things up, we need to fix it again with the auto bailout and since that screwed things up, we need another govt program to fix all of those problems and...


11 posted on 02/14/2010 5:22:20 PM PST by ari-freedom (Gong hey fat choy!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: FTJM

“You’ve got to remember Obama won my district. Dukakis and Gore won my district. Clinton won my district. So I don’t come from, you know, a red area. So I think it’s important to keep in mind where I come from. I don’t hear that here.”

yeah I’m sure all those liberals were jumping and down for TARP and the auto bailouts. /sarc


12 posted on 02/14/2010 5:23:59 PM PST by ari-freedom (Gong hey fat choy!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cheap_Hessian

I was against it. But you have your own Republican-appointed Treasury Secretary saying that if you don’t do it, the world will come to an end. It was not evident to everyone at the time that Paulson was a crook. I thought it was a mistake, but a lot of smart people said it was the only possible thing to do.

So, sure, the vote was misguided. But I’d be more incline to forgive it if he hadn’t voted for Obama’s Government Motors takeover.


13 posted on 02/14/2010 5:31:21 PM PST by Cicero (Marcus Tullius)
[ Post Reply | Private Reply | To 9 | View Replies]

To: FTJM

NO QUARTER for anyone who voted for TARP, signed off on TARP, or had anything at all to do with TARP.

NO QUARTER.


14 posted on 02/14/2010 5:33:57 PM PST by Lorianne
[ Post Reply | Private Reply | To 1 | View Replies]

To: FTJM
"While Ryan’s overall voting record is very conservative, the problem with casting these high-profile votes is that they demonstrate he is willing to fundamentally reject conservatism when the heat is on."

New and Improved CONSERVATIVE RINO!

15 posted on 02/14/2010 5:55:06 PM PST by Leisler (We are in the best of hands)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rabscuttle385

For all those of you who are so indignant about TARP, just ask yourself one question:

If we hadn’t passed TARP and foreigners had decided to liquidate all their time deposits from our institutions, how much more would it have cost the FDIC to pay off all of the bank deposits that were insured when ALL of the major financial institutions were shut?

All of you forget that the FIRST THING that happened before TARP was that most of the major money center banks raised capital from the foreign sovereign wealth funds, about $20 billion worth. ALL of that capital was lost in less than a month.

It was clearly stated to the US government by these investors who had just been RIPPED OFF by US institutions that if the government didn’t get involved they would withdraw their money from the US banking system.

THAT would have been TRILLIONS in withdrawals. All of you big talkers have any idea who would have replaced that money?

When a bank loses it deposits it either has to call in its loans OR SHUT DOWN IMMEDIATELY.

TARP was clearly the lesser of two evils. The problem with TARP is that it should have been given to the smaller, healthier banks to buy the assets of the schmucks that lost it, not to the large money center banks.

That way, moral hazard would mean something, the loss of power and lifestyle of the NY-centric banking world.


16 posted on 02/14/2010 7:02:45 PM PST by LRoggy (Peter's Son's Business)
[ Post Reply | Private Reply | To 2 | View Replies]

To: LRoggy

BS


17 posted on 02/14/2010 7:27:57 PM PST by rae4palin (islam is of the devil)
[ Post Reply | Private Reply | To 16 | View Replies]

To: rabscuttle385
The man certainly doesn't sound like a RINO to me. He gives a good explanation in the article about what he was thinking at the time.

I've seen him speaking on other occasions, and he seems like a strong fiscal conservative, he just got spooked by what was going on at the time.

18 posted on 02/14/2010 8:15:28 PM PST by SuziQ
[ Post Reply | Private Reply | To 2 | View Replies]

To: Political Junkie Too; Hawthorn; GOPsterinMA; darkangel82; Impy
"Ryan: You know I don’t hear it here at home that much. You’ve got to remember Obama won my district. Dukakis and Gore won my district. Clinton won my district. So I don’t come from, you know, a red area."

See what I mean by lemmings and stupidity here ? A member of our party doesn't know what "red" means when he just described his district voted for RED moonbats ?

19 posted on 02/14/2010 9:39:56 PM PST by fieldmarshaldj (~"This is what happens when you find a stranger in the Alps !"~~)
[ Post Reply | Private Reply | To 1 | View Replies]

To: FTJM

And this is why I don’t trust Paul Ryan despite so many here on FR Touting him as the Future of the Republican Party in Congress!! He is a useful idiot at best, and fool at worst (at least he doesn’t understand the Constitution).


20 posted on 02/14/2010 10:02:40 PM PST by JSDude1 (www.wethepeopleindiana.org (Tea Party Member-Proud), www.travishankins.com (R- IN 09 2010!))
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-31 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson