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Romney Slams Bailouts That He Used to Support

Mitt Romney at the Values Voter Summit this morning: When government is trying to take over health care, buying car companies, bailing out banks, and giving

Jul 31, 2020
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Mitt Romney at the Values Voter Summitthis morning:
When government is trying to take over health care, buying car companies, bailing out banks, and giving half the White House staff the title of czar – we have every good reason to be alarmed and to speak our mind!
I know we didn’t all agree on TARP. I believe that it was necessary to prevent a cascade of bank collapses. For free markets to work, there has to be a currency and a functioning financial system.
To be fair, in that speech Romney said that TARP should not have been used to rescue car companies. But the opposition to bank bailouts is new. Opposition to TARP has been a motivating force in the Tea Party movement, a possible reason for the softening here.
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Hajra Shannon

Hajra Shannon

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Hajra Shannona is a highly experienced journalist with over 9 years of expertise in news writing, investigative reporting, and political analysis. She holds a Bachelor's degree in Journalism from Columbia University and has contributed to reputable publications focusing on global affairs, human rights, and environmental sustainability. Hajra's authoritative voice and trustworthy reporting reflect her commitment to delivering insightful news content. Beyond journalism, she enjoys exploring new cultures through travel and pursuing outdoor photography
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