Well, at least they inaccurately characterize the conservative perception.
The headline of Charles Babbington’s report on the state of negotiations of the bailout plan reads:
“A bad day for the GOP on politics, bailout plan”
How so?
He tries, in the article, to explain that it’s House Republicans, and, to a certain extent, John McCain who are standing in the way of a final agreement.
House Republicans have proposed an alternative.
Instead of the government buying the distressed securities, the new plan would have banks, financial firms and other investors that hold such loans pay the Treasury to insure them. Rep. Paul Ryan, R-Wisc., a chief sponsor, said it was clear that Bush’s plan “was not going to pass the House.”
But Democrats said the same was true of the conservatives’ plan. It calls for tax cuts and insurance provisions the majority party will not accept, they said.
According to one observer, McCain, during negotiations at the White House yesterday said: ‘I support the principles that House Republicans are fighting for.’
So, explain to me how this is “bad” for McCain and the GOP?
That they are fighting for a smart solution to the issue? That they are not looking to government to handout billions upon billions of dollars to irresponsible lenders? That they are not trying to pump a huge giveaway into a broken system that Democrats caused in the first place?
This is not “bad” for Republicans. In fact, Republicans are finally doing what we conservatives have been waiting for: fighting for us.
They have stood up for American interests since this summer and now the party is revitalized.
They challenged Pelosi on energy, and now we will finally have offshore drilling.
They unequivocally stated that our national defense is our first priority, and we have a national defense authorization.
And now they are proposing an alternative financial plan, grounded in solid, foundational economic principles in order to protect taxpayers and revitalize the economy.
That’s not “bad”. In fact, it’s very, very good.
