Richard Viguerie: McCain risks loss of conservative support if he backs bailout
Written by Viguerie on Thu Sep 25 12:12:41 -0400 2008

“Americans have every right not to believe President Bush”

     “Conservatives are so strongly opposed to the bailout that John McCain risks undoing all his gains with conservatives if he supports it,” the Chairman of ConservativeHQ.com, Richard A. Viguerie, said. 

     “If John McCain supports this bailout, he will lose all of the goodwill and support he has gained from conservatives by picking Governor Palin as his running mate,” said Viguerie.

     The proposed $700 billion bailout “would almost certainly be followed by bailouts for automakers, and bailouts for credit card companies, and bailouts for all the people whose businesses will be hurt by the economic downtown caused by all the bailouts,” Viguerie said.  “It’s a death spiral for the American economy, and conservatives refuse to go along for the ride.

     “Millions of conservatives and millions of other Americans will refuse to vote for anyone running for president or Congress who supports the bailout,” Viguerie predicted.

     He added, “Our country’s leaders have failed us, and Americans have every right not to believe what President Bush is saying.  Month after month, he and his treasury secretary assured us that everything was fine.  When witnesses change their stories, lawyers ask them: Were you lying then, or are you lying now?” 

     “Which version of the state of the economy does the President want us to believe – what he said then or what he says now?”

     “The last thing Americans need is Republican special interests teaming up with Democratic special interests to take care of their own at our expense,” he said.  “People have wised up, and will not fall for ‘Trust me; I’m from the government, and I’m here to help’.”

Blog Comments

Ken Roland
DO THE MATH! $85B vs. $850B (projected bailout cost) To make the math simple, let's assume there are 200,000,000 bonafide U.S. Citizens 18+. Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up. So divide 200 million adults 18+ into $85 billon, that equals $425,000.00. If $425,000 was given to every person 18+ as a, "We Deserve It Dividend', it would NOT be tax free. Let's assume a tax rate of 30%. Every individual 18+ has to pay $127,500 in taxes. That sends $25,500,000,000 right back to Uncle Sam. But it means that every adult 18+ has $297,500 in their pocket. A husband and wife would have $595,000. What would you do with up to $595,000? * Pay off your mortgage - housing crisis solved. * Repay college loans - what a great boost to new grads * Put away money for college - it'll be there * Save in a bank - create new money to loan (not a bailout) to entrepreneurs. * Buy a new car - create jobs * Invest in the market - capital drives growth * Pay for your parent's medical insurance - health care improves Remember this is for every adult U S Citizen 18 + including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces. If we're going to re-distribute wealth let's really do it...instead of passing out a puny $1000.00 economic incentive (a thinly disguised attempt to buy votes that's being proposed by one of our candidates for President!). If we're going to bailout our economy then let's start by bailing out every adult U S Citizen 18+, first. How do you spell Economic Boom? We can trust our fellow adult Americans to know how to use the $59.5 Billion in a "We Deserve It Dividend" more than the so called experts in Washington DC., or on Wall Street. Remember, the plan only really costs $59.5 Billion because the $25.5 Billion is returned instantly in taxes to Uncle Sam. It doesn't take a rocket scientist to figure out that there is an overall savings of $790.5 Billion for America!
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