From The Republican Party Platform Circa 2008…
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. We believe in the free market as the best tool to sustained prosperity and opportunity for all.
Obviously the current crisis we find ourselves in is unique, but let’s do a quick thought experiment. Imagine John Kerry had won in 2004. Now imagine he tried to sell the Republicans on a $700B bailout of private institutions right before the election.
Now, one would hope that everybody would work together in a spirit of bi-partisanship, but I can’t help but think that many conservatives wouldn’t stop at the world “socialism” to describe a fictional Kerry bailout.
But hey, thankfully Bush is president, right?
As I’ve said in the past, you can’t own the successes and not own the failures too. It just doesn’t work that way. So either the Republicans should change their platform or stick to their guns. Time to choose.
(h/t: Below The Beltway)