James Pethokoukis

Politics and policy from inside Washington

TARP and the 2010 election

September 22, 2009

The following quote is from a Democrat, Rep. Peter DeFazio, but I would not be surprised to hear a lot of GOPers say a similar thing on the campaign trail (via The Hill):

The view of the Larry Summers crowd down at the White House that has the president’s ear is, ‘What a tremendous success — everyone at Goldman Sachs is getting a $700,000 bonus this year, so it’s working,’ ” said Rep. Peter DeFazio (D-Ore.), a consistent critic of the Wall Street bailouts. “If your total focus in life is enriching a few people on Wall Street and protecting their assets, it’s working. If your focus is jobs for Americans and their assets, this whole thing has been a disaster.

Comments

Would be curious to see how he voted, or if he even read it, as he was passing it into law…

This kind of political posturing is why there can never be any real debate in America, because it’s not what politicians think, it’s what they think they can win on.

Posted by the Shah | Report as abusive
 

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •