Posted on 11/14/2011 9:56:53 PM PST by mean ogre
In a soon-to-be published memoir, GOP candidate Rep. Michele Bachmann accuses former President George W. Bush of “socialism” for his 2007 decision to bail out financial institutions teetering on collapse, according to reports.
“The Bush administration, which had always professed faith in the free-market system, was now reversing its course,” Bachmann writes in “Core of Conviction,” a memoir to be released Nov. 15, according to Fox News, which obtained a copy.
In the book, she criticizes Bush and then Treasury Secretary Hank Paulson, who pushed for the $700 billion TARP program for “embracing a kind of ‘bailout socialism.’”
She said it was “painful” when GOP presidential nominee Sen. John McCain supported the bailout and called it “disappointing” when then House Minority leader Rep. John Boehner also backed the legislation, according to Fox.
“I believe that had McCain opposed the bailout — if he had made a clean break, opposing Paulson and standing for principle at that crucial moment — he could have changed the 2008 election,” Bachmann writes.
(Excerpt) Read more at abcnews.go.com ...
lol@Bachmann writing a ‘memoir’ when she’s only been in Congress for 5 years.
Must be why she’s hanging in the race, so she can hustle her book.
Hope she hangs in there. I’d like a chance to consider voting for her. She now should be in the top tier imo.
bttt
Not to mention Medicare part D. W really jammed his foot on the accellerator on the road to ruin wih that one.
And expanding the Dept of Education by 40% didn’t help much either.
Me too...but not for POTUS.
She could be our "Crony Capitalism" meme enforcer.
Can’t say I can argue with her on that one. I don’t think any conservative could.
I’m afraid she’s right on the money.
I like MB she is my rep. But I blame Rove for Bush turn. Rush said Bush was conservative Rush would not lie.
Is GWB running again? What is it with politicians blaming Bush? IT”S OBAMA that’s the problem. Anything else by any candidate is a distraction. Bachman is off my “I shall consider” list.
With regards to the "Bailout" he relied on the bottom-feeding, scumbag, Paulson (who should be sitting in some Fed Big House) for advice which was "self-serving" and much as W relied on (faulty) advice about the "Peaceful Nature of Islam" by those who were appeasers and supporters of the Religion of Peace, (MOST NOTABLY GROVER NORQUIST) his reliance on Paulson did not serve him (or the country) well.
Me too.
His 2007 decision to bail out banks? 2007?
I’d be willing to bet serious dollars that you’ll find nary a discouraging word about Mitt Romney her new book though.
She didn’t write this article.
Yes, it is hard to believe that she would write a book with such a serious error (TARP in 2007) in it and make it all the way through publishing.
What always bothers me is all the candidates love to glob onto the TARP bailouts as the evil, because that is Republican base candy. That is just to easy to do now as the bailouts are very unpopular.
A serious candidate would instead talk about how they as POTUS would have kept a housing equity/debt bubble from happening in the first place. I bet any of the candidates faced with the catastrophe that happened in Fall 2008 and the impossible choices would have soiled themselves.
TARP was an obscenity. But the real problem was the housing bubble.
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