Speaking to Esquire magazine, Pawlenty suggested the bailout was contrived by Goldman Sachs execs for their own self interest. He referred to an unnamed story he read on how the bailout was conceived.I stand by the sentiment that there is no way to say we are better off with the bailouts than we would have been without. You cannot predict with any accuracy that which never happened. I would, however, offer we would have less debt and likely would not be worse off. The bailouts, and in particular TARP, really only helped a select few. The majority who are still suffering are regular everyday people who have not benefited in any way from either of those measures. Republicans are always accused of being the friend to big business, while ironically this Administration has done nothing but prop up big business at every turn, while making few moves to elevate the plight of everyday folks.
"In this story, Paulson, former Goldman Sachs CEO, was meeting with other Goldman Sachs executives, trying to figure out what to do, and surprise, surprise, they came up with the conclusion that the federal government should bail out Goldman Sachs," Pawlenty said.
"So I don't take as an article of faith that the financial world would
have come to an end if we had let more of these institutions fail," he added.
Governor Pawlenty then gives Republicans a little what-for pointing out they were the losing party for the last several years because they have done nothing to lead or differntiate themselves from the Democrats.
Pawlenty also had some harsh words for his fellow Republicans, blaming them for abandoning their beliefs and failing to address Americans' real concerns.Governor Pawlenty is right. As I have pointed out time and time again, being Democrat lite is not going to get Republicans back in office. Tea Party will see to that. Republicans must go back to their core values and stand for the common man once again. The American people don't want to be told what to do at every turn, nor work all week to take home less than 60% of their pay. We don't want to bailout irresponsible businesses when we are expected to keep our house in order. The people want their life, liberty and the ability to pursue their own happiness back. Freedom is what this country was founded on. Freedom is what we want.
"The Republicans had their shot not long ago to address the real needs and concerns of everyday Americans, and they blew it," he told Esquire magazine. "Over the time that they were there and had the leadership opportunity, they blew it. We got fired for a reason."
If Republicans can't give us those things, Tea Party will stand behind candidates that will.