Comments on: Mitt Romney Changes Position on Bank Bailouts http://trueromney.com/2009/09/mitt-romney-changes-position-on-bank-bailouts/ Factual. Documented. Accurate. Sat, 14 Nov 2009 09:03:41 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Pat http://trueromney.com/2009/09/mitt-romney-changes-position-on-bank-bailouts/comment-page-1/#comment-19 Pat Mon, 28 Sep 2009 08:10:20 +0000 http://trueromney.com/?p=51#comment-19 How about this for a concept? When a business goes bankrupt, it is due to financial irresponsibility of the owners. Their assets, through the bankruptcy process, change hands and go to others who might be more responsible with them. In the short term, there is some pain, but in the long term there is less pain than if you use taxpayer dollars for a TARP plan. How about allowing the free market to work the way that it's intended to? Ever heard of capitalism? It's a pretty basic principle. How about this for a concept? When a business goes bankrupt, it is due to financial irresponsibility of the owners. Their assets, through the bankruptcy process, change hands and go to others who might be more responsible with them. In the short term, there is some pain, but in the long term there is less pain than if you use taxpayer dollars for a TARP plan. How about allowing the free market to work the way that it’s intended to? Ever heard of capitalism? It’s a pretty basic principle.

]]> By: Dan http://trueromney.com/2009/09/mitt-romney-changes-position-on-bank-bailouts/comment-page-1/#comment-18 Dan Tue, 22 Sep 2009 18:56:03 +0000 http://trueromney.com/?p=51#comment-18 Mitt DID NOT flip-flop. Mitt supported TARP because the alternative of doing nothing at the time was far worse. With that in mind, TARP has been used in ways it was not created to be used in and is now a terrible mess. Mitt never supported the way TARP was used and didn't support it doing anything besides stopping the credit market from completely freezing which would've caused the economy to crumble within days. Anyone who has ever run a business knows how much business relies on short-term loans for things like payroll. If a business can't get those loans, they are forced by law to go bankrupt and our economy was on the verge of a massive collapse like that. Mitt being an adult and doing the right but unpopular think back then is a big reason why I know he will make a great president! Mitt DID NOT flip-flop. Mitt supported TARP because the alternative of doing nothing at the time was far worse. With that in mind, TARP has been used in ways it was not created to be used in and is now a terrible mess. Mitt never supported the way TARP was used and didn’t support it doing anything besides stopping the credit market from completely freezing which would’ve caused the economy to crumble within days. Anyone who has ever run a business knows how much business relies on short-term loans for things like payroll. If a business can’t get those loans, they are forced by law to go bankrupt and our economy was on the verge of a massive collapse like that. Mitt being an adult and doing the right but unpopular think back then is a big reason why I know he will make a great president!

]]> By: Jed Merrill http://trueromney.com/2009/09/mitt-romney-changes-position-on-bank-bailouts/comment-page-1/#comment-17 Jed Merrill Tue, 22 Sep 2009 07:22:02 +0000 http://trueromney.com/?p=51#comment-17 I've met Mitt, and can verify he has only one face. I’ve met Mitt, and can verify he has only one face.

]]> By: Jed Merrill http://trueromney.com/2009/09/mitt-romney-changes-position-on-bank-bailouts/comment-page-1/#comment-16 Jed Merrill Tue, 22 Sep 2009 07:19:17 +0000 http://trueromney.com/?p=51#comment-16 I believe it is clear that Romney was in favor of TARP only by necessity, and had he been in charge of TARP he would have done it dramatically differently. TARP is a failure, not to mention a government overreach, which is what he is really complaining about in quote 2, along with the mass of American people. You are manufacturing an inconsistency here. I believe it is clear that Romney was in favor of TARP only by necessity, and had he been in charge of TARP he would have done it dramatically differently. TARP is a failure, not to mention a government overreach, which is what he is really complaining about in quote 2, along with the mass of American people.

You are manufacturing an inconsistency here.

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